Market Summary -- 6th Jun 11

FTSE STI closed 3,113.73, down 31.94 points or -1.01% with a total volume of 979M and a total value of S$967M.  Total number of advance vs decline was 95 vs 329.  Of the 30 component index stocks, 1 closed positive, 27 closed negative and 2 remained unchanged.  The only gainer component stock was :-

1. JMH 400US$  +1.160

The top 5 loser component stocks were :-

1. JSH 500US$  -0.520

2. Jardine C&C  -0.460

3. UOB  -0.280

4. KepCorp  -0.220

5. DBS  -0.140

5. F&N  -0.140

5. CityDev  -0.140

US markets fell almost 1% last Friday after disappointed employment data with unemployment rate rose to 9.1% and number of jobs hired was very much lesser than expected.  This has put question marks on the recovery of US economy and coupling with QE2 ending in this month.  Asian bourses were trading in negative region for the day.  Nikkei closed -1.18%, SSE and HSI both closed for holiday and STI fell 1.01% in a thin volume day.  Despite the fact that over the weekend, EU is preparing another bailout for Greece, that didn't excite investors' interest.  Only 1 out of 30 index stock managed to register a positive closing.