Market Summary -- 14th Apr 11

FTSE STI closed 3,158.92, down 13.16 points or -0.41% with a total volume of 1.23b and a total value of S$1.27b.  Total number of advance vs decline was 185 vs 279.  Of the 30 component index stocks, 9 closed positive, 17 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. HKLand US$  +0.150

2. SembCorp  +0.070

3. SIA Engg  +0.070

4. OCBC  +0.060

5. StarHub  +0.040

5. UOB  +0.040

The top 5 loser component stocks were :-

1. Jardine C&C  -0.660

2. JMH 400US$  -0.660

3. JSH 500US$  -0.400

4. KepCorp  -0.100

5. SIA  -0.080

US markets closed slightly positive yesterday night with exception of Nasdaq being pushed up by tech stocks.  Asian bourses were mixed given the lack of direction from US.  Nikkei closed +0.13%, SSE -0.25% and HSI -0.50%.  STI was trading in the negative region throughout the day as profit taking kicked in after yesterday sharp rise.  Only 9 of the 30 component stocks managed to close positive.  This morning Singapore released its 1Q2011 GDP came in +23.5% better than expected of +12.4% and this has triggered MAS to tighten monetary policy sending SGD to hit high against USD.