1. KepCorp +0.100
2. SembCorp +0.060
3. SPH +0.040
4. SingTel +0.040
5. StarHub +0.040
The top 5 loser component stocks were :-
1. JMH 400US$ -1.290
2. UOB -0.260
3. JSH 500US$ -0.260
4. Jardine C&C -0.240
5. Wilmar -0.150
US markets closed average at least +1.5% yesterday night with better than expected jobless claims data and comment from ECB that it will do anything to support the Euro. Asian bourses were mostly positive for the day taking the cue from US markets. Nikkei closed +1.46%, SSE +0.13% and HSI +2.02%. STI however bucked the trend with a -0.20% closing in moderate volume despite 17 of the 30 index stocks managed to register positive closing.
ECB comment reversed the market direction yesterday as investors were speculating ECB could resume the bond buying program for Italy and Spain. Any concrete action will be known next week during the ECB meeting. STI were initially trading in positive region but near closing when European markets all in the red investors took the chance to sell off for profit for the weekend. The main drop for STI was from the Jardine group of stock and Wilmar. Other than that, STI should be able to close positive as well. Market might be attracting buying interest but do exercise cautious especially for short-term players as you never know when the music going to end.
When others are greedy, be feared !!!!
