1. JSH 500US$ +0.970
2. JMH 400US$ +0.890
3. CityDev +0.310
4. Jardine C&C +0.200
5. Wilmar +0.050
The top 5 loser component stocks were :-
1. UOB -0.220
2. HKLand US$ -0.180
3. KepCorp -0.100
4. SIA -0.090
5. SembCorp -0.080
5. F&N -0.080
US markets closed at least +0.50% yesterday night after jobless claims which came in slightly above expectation as investors anticipate a better employment data today after Greece almost get the debt swap done. Asian bourses mostly continued yesterday rally with Nikkei closed +1.65%, SSE +0.79% after reporting of February CPI came in +3.2% lower than expectation and HSI +0.89%. STI however fell 0.24% in a thin volume day with only 10 of the index stocks managed to register positive closing. Investors chose to take profit after yesterday rally and stay cautious ahead of tonight US employment situation.
The latest news from the Greece debt swap was over 90% of private investors agreed to the debt swap and ISDA will meet today to decide on whether Greece debt situation will result in a credit event or not. That news probably keeping EU markets directionless at the moment and weighed on STI as investors staying cautious of having position over the weekend. The ISDA ruling could result in Greece being classified as "default" despite majority of private investors agreed on the swap. Furthermore, ECB yesterday also maintained interest rate at 1%.
