1. Capitaland +0.050
2. GLP +0.050
3. Genting SP +0.030
4. ST Engg +0.030
5. SIA +0.020
The top 5 loser component stocks were :-
1. JMH 400US$ -0.430
2. CityDev -0.380
3. DBS -0.360
4. Jardine C&C -0.350
5. Wilmar -0.240
US markets gave up earlier gain and closed mixed despite a better than expected retail sales data. Asian bourses were in the red for the day after yesterday gain. Nikkei closed -0.05%, SSE -1.10% and HSI -1.18%. STI in line with regional bourses gave back yesterday gain and closed -0.83% in moderate volume with only 7 of the 30 index stocks managed to register positive closing.
Lack of catalysts, profit taking and range bound. As mentioned current market is doing nothing but squeezing the TA traders. Earning season over, investors should refocus back to global events in particular the EU Growth vs Austerity issue and not any other things from EU. As for US, better off not hoping for any QE as that won't help US economy in the long run. It is also worth noting those policies proposed by Paul Ryan ( a VP candidate for Romney ) as that might change the US economy as a whole.
