Market Summary -- 27th May 11

FTSE STI closed 3,135.52, up 11.82 points or +0.38% with a total volume of 1.32b and a total value of S$1.37b.  Total number of advance vs decline was 277 vs 166.  Of the 30 component index stocks, 20 closed positive, 7 closed negative and 3 remained unchanged.  The top 5 gainer component stocks were :-

1. Jardine C&C  +1.360

2. UOB  +0.200

3. CityDev  +0.120

4. SembMar  +0.080

5. F&N  +0.070

The top 5 loser component stocks were :-

1. JMH 400US$  -0.280

2. JSH 500US$  -0.120

3. GLP  -0.020

4. CapMallsAsia  -0.020

5. ComfortDelGro  -0.010

5. SembCorp  -0.010

5. Genting SP  -0.010

US markets closed slightly positive yesterday night with Nasdaq leading the up despite a below forecast GDP data of +1.8%.  Asia bourses were mixed for the day with Nikkei closed -0.42% as Japan starts to concern about inflation, SSE -0.97% with continue worry of tightening and HSI +0.95%.  STI in line with HSI trading in positive region throughout the day closing +0.38% with 20 of the 30 component stocks managed to register positive closing.  Volume was slightly better than past days.  STI could be in the position of funds doing window dressing for month end before the holiday period starts next month.  Blue chips like bank, offshore/marine, property, telco and commodity attracted buyers in today session.