1. HKLand US$ +0.500
2. SIA +0.200
3. SIA Engg +0.150
4. Jardine C&C +0.100
5. GLP +0.080
5. JSH 500US$ +0.080
The top 5 loser component stocks were :-
1. JMH 400US$ -0.610
2. SingTel -0.040
3. F&N -0.030
4. GoldenAgr -0.020
5. Genting SP -0.015
US markets closed in the red with average 0.3% drop as investors await US Fed and ECB decision. Asian bourses were mixed for the day with Nikkei closed -0.61%, SSE +0.94% and HSI +0.12%. STI rose 0.48% to hit a new 52 week high but with thin volume. 20 of the 30 index stocks managed to register positive closing.
China released its July PMI came in at 50.1 slight lowered than that in June and below expectation and investors were also cautious on US Fed and ECB decision these 2 days. The rose in STI coupling with thin volume suggesting possible of short covering as bargain hunters were pretty cautious at the moment.
In general there is much hope for US Fed and ECB to act. For US Fed though economic data lately were weak but it probably still too early to act. As for ECB, it is highly possible some measures will be announced this Thursday but do not get overly optimistic as the Europe debt issue is still far from over. Each time each measures is a small little positive step that all.
