1. JSH 500US$ +0.140
2. SIA Engg +0.030
3. StarHub +0.030
4. ComfortDelGro +0.020
The top 5 loser component stocks were :-
1. JMH 400US$ -1.300
2. Jardine C&C -0.850
3. UOB -0.450
4. SIA -0.350
5. SembMar -0.340
US markets continued to drop the second day after China cut growth to 7.5%. Asian bourses continued the selling pressure with worries from China economy. China today maintained inflation forecast for 2012 at 4% higher than most expected. Nikkei closed -0.63%, SSE -1.41% and HSI -2.16%. STI in line with regional bourses sell 2% in another thin volume day with only 4 of the 30 index stocks managed to register positive closing.
There will be a deadline on 8th March as whether private investors willing to do a debt swap on the Greece's debt and that is currently weighing on EU markets also apart from the not so positive news from China. Markets in general at the moment lack catalysts to move up and without any unexpected news/events coming up until mid-April ( start of earning season ), markets should be consolidating bias towards the downside in short-term.
