1. Jardine C&C +0.220
2. UOB +0.170
3. SIA +0.120
4. GLP +0.100
5. OCBC +0.090
The top 5 loser component stocks were :-
1. JSH 500US$ -0.360
2. JMH 400US$ -0.200
3. KepCorp -0.130
4. HKLand US$ -0.110
5. SembMar -0.060
5. CityDev -0.060
US markets closed mixed yesterday night with Nasdaq in the red while both DJ and S&P500 positive. A rebound from past days sold down with news of better than expected new home sales data. Asian bourses were mixed for the day with Nikkei closed +0.98%, SSE +0.75% and HSI -0.15%. STI +0.18% in another heavy volume day of over 6 billion but total value came in only at S$1.16b. Of the 30 index stocks, 14 managed to register positive closing.
Another penny and micro penny stocks punting that sum up STI. With blue chips going Ex-Dividend and still uncertainties remained over the EU and US, investors restored to punting those penny and micro penny for quick profit. While the focus for most is on those, do not neglect or ignore the valuation of the fundamentally strong stocks especially blue chips. The selling could come to a cheap valuation.
Investors will also be looking at tonight US Fed meeting outcome. Interest rate will remain low and Fed will be giving out forecast for rate too. Apart from that, investors are speculating on hints about QE3. Do note that, there isn't any concrete evidences for US Fed to launch a QE3.
