Friday, April 29, 2011

Market Summary -- 29th Apr 11

FTSE STI closed 3,179.86, down 5.13 points or -0.16% with a total volume of 1.03b and a total value of S$1.44b.  Total number of advance vs decline was 142 vs 303.  Of the 30 component index stocks, 10 closed positive, 17 closed negative and 3 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.000
2. CityDev  +0.100
3. JSH 500US$  +0.100
4. HKLand US$  +0.090
5. DBS  +0.060
5. SIA Engg  +0.060

The top 5 loser component stocks were :-

1. Jardine C&C  -0.860
2. UOB  -0.340
3. KepCorp  -0.100
4. Wilmar  -0.080
5. SembMar  -0.080

US markets continued to advance despite a slightly lower than expected 1Q2011 GDP number and a rise in jobless claims as better corporate earnings offsetting those bad economic data.  Asian bourses were mostly rangebound given it is the last trading day of the month and weekend.  Nikkei was closed for holiday, SSE +0.85% after past days of loss and HSI -0.36%.  STI still resistance at 3,200 opened in positive region but closed -0.16% in thin volume day as investors taking off profit for the weekend and also lack of catalysts in buying up.

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