1. DBS +0.060
2. F&N +0.050
3. CityDev +0.020
4. CapitaMall +0.010
5. HKLand US$ +0.010
5. SIA Engg +0.010
5. SPH +0.010
The top 5 loser component stocks were :-
1. JMH 400US$ -1.140
2. JSH 500US$ -0.590
3. Jardine C&C -0.190
4. KepCorp -0.160
5. SIA -0.100
US markets fell at least 0.50% yesterday night after a weaker than expected jobless claims data and speculation that Moodys' might cut France rating. Both France and Spain have a successful auction yesterday but that doesn't seem to ease the concern of EU debt crisis. Asian bourses however were mixed for the day with Nikkei closed -0.28%, SSE +1.19% in speculation that China Central Bank might cut its RRR over the weekend and HSI +0.07%. STI was unable to hold on to its gain as investors took profit for the weekend closing -0.46% with only 8 index stocks registered positive closing. Total volume was huge for the day with over 4 billion but total value only came in S$1.02b indicating much of the activities were on the penny and micro penny stocks where traders trying to punt for some profit.
Singapore blue chips companies continued to roll out firm earning and that partly supporting the downside of the blue chips. Those earning about to come out next year were mostly playing up in anticipation of good set of earning. This has more or less supporting some of the prices of the blue chips. However, the sudden surge in penny and micro penny stocks today should bring some concern. Most of those stocks are with weak fundamental and apart from punting or speculating up, there isn't any valid reason for the price to move up. Investors are advised to stay clear from those before getting caught at the wrong end. Focus should be on fundamental strong companies.
