Market Summary -- 21st Apr 11

FTSE STI closed 3,194.73, up 28.93 points or +0.91% with a total volume of 1.46b and a total value of S$2.06b.  Total number of advance vs decline was 313 vs 176.  Of the 30 component index stocks, 21 closed positive, 5 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.760

2. Jardine C&C  +0.600

3. UOB  +0.260

4. CityDev  +0.260

5. KepCorp  +0.220

The 5 loser component stocks were :-

1. SIA Engg  -0.060

2. GoldenAgr  -0.015

3. F&N  -0.010

4. Olam  -0.010

5. GLP  -0.010

US markets up average 1.50% as tech stocks led the buying up after better than expected corporate earnings.  After the bell, Apple's profit almost double easily beating market expectation.  Asian bourses took cue from that and continue the up from previous day.  Nikkei closed +0.82%, SSE +0.65% and HSI +1.01%.  STI hit intra-day high of 3,204 before profit taking ahead of the long weekend kicked in and closed 3,194.73, up 0.91% in line with sentiment from other regional bourses.  Blue chips in particular those related to Government were leading the buying up probably due to the coming election.