1. KepCorp +0.070
2. SembCorp +0.050
3. HKLand US$ +0.040
4. UOB +0.040
5. ComfortDelGro +0.040
The top 5 loser component stocks were :-
1. Jardine C&C -0.210
2. JSH 500US$ -0.190
3. Wilmar -0.070
4. DBS -0.070
5. SingTel -0.020
5. SGX -0.020
US markets pulled back yesterday night as investors digest the after effect of US Fed Chief's comment the night before. Pretty much expected the pull back, nothing surprise of though. Asian bourses also pulled back for the day with Nikkei closed -0.71%, SSE -2.65% and HSI -0.77%. STI fared better than regional bourses with last minute rebound to close just down 0.10% in a thin volume day and total value of the day hit below the S$1 billion mark. Only 12 of the 30 index stocks managed to register positive closing.
The rally 2 days ago due to US Fed Chief's comment was very much speculation and that was why the pull back was expected. Asian bourses tracking that and on top of it, further drag down by China as concern of Chinese companies' earning falling short of expectation hit the sentiment. Well nothing to be surprised of when talking about China economy slowing down. Last month China Premier Wen Jiabao already lowered the forecast growth to 7.5% and the Chinese Government is expecting slower growth for the year and if investors still concern of the slow growth then pretty much they are over doing it. How can a investors or analysts or economists know more about China economy than the Chinese leaders themselves ? Rather than listening to them at times being optimistic and at times being pessimistic, it is better to stick to what the Chinese leader's vision and not over reacting to both the extreme case.
Market is not confuse of which direction to go but investors are when they absorbing all the unnecessary noises
