1. JSH 500US$ +0.600
2. F&N +0.170
3. Jardine C&C +0.120
4. HKLand US$ +0.090
5. UOB +0.080
The top 5 loser component stocks were :-
1. JMH 400US$ -0.290
2. StarHub -0.030
3. OCBC -0.030
4. Wilmar -0.020
5. SGX -0.020
5. CapMallsAsia -0.020
US markets were closed yesterday night but European bourses reversed earlier gain and closed mixed as Spain's banks bailout weighed on. Asian bourses closed positive for the day leading by news of China easing monetary policy. Nikkei closed +0.74%, SSE +1.20% and HSI +1.35%. STI slight under-performed for the day closed +0.52% in a thin volume day as investors still taking cautious stand and side line. 19 of the 30 index stocks managed to register positive closing.
The news of Chinese Government lifted some of the bearish sentiment but do not get overly optimistic as whatever stimulus package the Chinese Government dishes out will benefit China first then rest of the world. The thin volume in STI still indicating investors maintaining cautious view and with end of the month approaching, there will be bound for fund managers to adjust their portfolio by either buying or selling off to beautify their portfolio. Some of the stocks can see some selling pressure mainly due to fund managers selling. Those stocks are of good fundamental and investors might want to buy into due to the weakness created by fund managers selling. Apart from that, nothing much has changed.
Job data end of the week in US is what investors looking at within this week while the global issue will be in June of Greece's re-election and EU Summit.
