1. Jardine C&C +0.310
2. HKLand US$ +0.110
3. UOB +0.100
4. KepCorp +0.080
5. StarHub +0.070
The top 5 loser component stocks were :-
1. JSH 500US$ -0.480
2. F&N -0.160
3. SIA Engg -0.150
4. SIA -0.120
5. Wilmar -0.040
5. SembMar -0.040
5. SembCorp -0.040
US markets closed negative last night with profit taking after past 2 days of rally more than 1%. Asian bourses closed the month of July mixed with Nikkei +0.69%, SSE -0.30% and HSI +1.08%. STI inched up 0.12% in moderate volume with 15 of the 30 index stocks registered positive closing.
It was anticipation of easing actions by Central Banks this week and month end window dressing driving up most stock prices. Other than that, nothing much of catalysts to justify the moving up. Again defensive and high-yield stocks are lifting the market in general. As for whether we will have easing actions this week that is debatable. Should any actions fall short of expectation, could see markets pull back. Hence, advise investors not to speculate and rush into it.
