Market Summary -- 8th Apr 11

FTSE STI closed 3,187.31, up 15.66 points or +0.49% with a total volume of 1.62b and a total value of S$1.80b.  Total number of advance vs decline was 300 vs 214.  Of the 30 component index stocks, 19 closed positive, 9 closed negative and 2 remained unchanged.  The top 5 gainer component stocks were :-

1. SGX  +0.230

2. SembCorp  +0.150

3. CityDev  +0.120

4. Capitaland  +0.090

5. HKLand US$  +0.090

The top 5 loser component stocks were :-

1. JMH 400US$  -0.480

2. UOB  -0.100

3. Jardine C&C  -0.080

4. SIA Engg  -0.030

5. ComfortDelGro  -0.020

5. Olam  -0.020

US markets closed negative yesterday night with ECB hike interest rate by 25 basis point and Japan 7.1 earthquake + tsunami warning ( which later withdraw ) weighed down on positive data like fell in jobless claims and better retail sales data.  Asian bourses were mostly positive for day with Nikkei closed +1.85%, SSE +0.74% and HSI +0.47%.  STI opened in the negative region but bargain hunting in blue chips pushed the index back to the positive region and closed at day high of 3,187.31 up 15.66 points to record a 8th successive day of positive closing.  Funds are positioning themselves for next season commence of earning season.