1. JSH 500US$ +0.600
2. JMH 400US$ +0.220
3. KepCorp +0.070
4. Wilmar +0.070
5. SGX +0.050
The top 5 loser component stocks were :-
1. Jardine C&C -1.290
2. F&N -0.100
3. StarHub -0.080
4. SingTel -0.050
5. HKLand US$ -0.050
US markets again closed mixed yesterday after factory order data. Asian bourses after yesterday sold down were mixed too with Nikkei +1.88%, SSE -0.32% and HSI -0.45%. STI managed to close slight positive of 0.03% in a slight heavy volume and 14 of the 30 index stocks managed to register positive closing.
Firstly, news of Spain possible of will requesting for an international bailout and China Premier Wen Jiabao earlier of the day comment citing China could ease more helped lifted regional bourses to positive side in the early part of the day. However, profit taking and lacking of direction from European bourses in the afternoon caused regional bourses to close mix. Other than that, nothing much has changed.
STI was torn between positive and negative whereby after Moody's downgrade of SingTel dragging down STI as being the heaviest weightage in STI resulting in STI closed flat. The slight heavy volume for the day was partly contributed by Genting SP in which rising 3.5cents or 2.67% probably due to short-covering after news concerning Echo. Another observation was high-yield and defensive stocks were on the weak now probably due to funds shifting attention to higher-beta stocks in particular those laggard.
