1. UOB +0.250
2. HKLand US$ +0.080
3. SIA +0.050
4. KepCorp +0.040
5. NOL +0.030
5. SPH +0.030
The top 5 loser component stocks were :-
1. JSH 500US$ -0.450
2. Jardine C&C -0.430
3. CityDev -0.140
4. JMH 400US$ -0.100
5. SembCorp -0.090
US markets closed positive last Friday despite a lower than expected 1Q GDP. Asian bourses going into last day of trading for the month were mixed. Nikkei and China were closed for holiday providing a lack of direction for regional bourses. HSI closed +1.70% while STI fell 0.10%. Total volume were lesser than past day but above the 2 billion with total value came in S$1.27b. Of the 30 index stocks, only 10 managed to register positive closing.
It was window dressing for the month that provided much of the activities. With couple of blue chips ( index stocks ) going Ex-Dividend, pretty much dragging down the index. The ongoing EU debt crisis with Spain now in the picture still weighing on investors as they paring off position ahead of tomorrow holiday. Though the much talk about EU austerity measures are not working, investors should start to monitor for scenario whereby EU nations could shift their focus back to growth. There will come a point whereby the EU leaders are hitting hard by the much divided austerity measures that they will start to refocus back to growth. This might happen in 2H of 2012.
