Market Summary -- 28th Jun 11

FTSE STI closed 3,050.79, up 2.51 points or +0.08% with a total volume of 1.11b and a total value of S$1.09b. Total number of advance vs decline was 247 vs 125. Of the 30 component index stocks, 19 closed positive, 8 closed negative and 3 remained unchanged. The top 5 gainer component stocks were :-

1. Jardine C&C +0.240

2. JSH 500US$ +0.080

3. KepCorp +0.040

4. SIA +0.040

5. SIA Engg +0.040

5. ST Engg +0.040

5. UOB +0.040

The top 5 loser component stocks were :-

1. JMH 400US$  -0.300

2. CityDev  -0.220

3. Capitaland  -0.040

4. NobleGrp  -0.010

5. NOL  -0.010

5. F&N  -0.010

5. Wilmar  -0.010

5. ComfortDelGro  -0.010

US markets closed around +1% yesterday night led by bank stocks with hope of Greece can get the bailout.  Asian bourses took the cue and closed positive for the day.  Nikkei closed +0.74%, SSE +0.04% and HSI +0.09%.  STI in line with regional bourses closed +0.08% with 19 out of 30 index stocks registered positive closing.  Investors will be looking at tonight can the Greek Parliament passes the policy in order to get bailout from EU and IMF.