Market Summary -- 22nd Jun 11

FTSE STI closed 3,042.83, down 10.68 points or -0.35% with a total volume of 1.05b and a total value of S$1.21b.  Total number of advance vs decline was 165 vs 247.  Of the 30 component index stocks, 9 closed positive, 19 closed negative and 2 remained unchanged.  The top 5 gainer component stocks were :-

1. Jardine C&C  +1.140

2. JMH 400US$  +0.600

3. UOB  +0.060

4. StarHub  +0.030

5. CityDev  +0.020

5. SIA  +0.020

5. HKLand US$  +0.020

5. SingTel  +0.020

The top 5 loser component stocks were :-

1. F&N  -0.170

2. DBS  -0.160

3. SGX  -0.070

4. NOL  -0.060

5. Wilmar  -0.060

5. KepCorp  -0.060

US markets closed at least 1% yesterday night as Greek PM won the vote of confidence, clearing the first hurdle to get the second bailout.  Asian bourses taking the cue were positive in opening but with profit taking and cautious ahead of tonight US FOMC outcome ( whether will there be further stimulus ) will be closely monitor.  Nikkei closed +1.79%, SSE +0.11% and HSI +0.04%.  STI with profit taking closed down 0.35% with only 9 of the index stocks managed to register a positive closing.  Flattish European bourses opening and DJ future also provide a cautious sentiment.  STI at the moment is having an immediate support at 3,040 and resistance 3,080.