Market Summary -- 6th Jul 11

FTSE STI closed 3,114.71, down 14.98 points or -0.48% with a total volume of 1.18b and a total value of S$1.18b.  Total number of advance vs decline was 240 vs 238.  Of the 30 component index stocks, 11 closed positive, 16 closed negative and 3 remained unchanged.  The top 5 gainer component stocks were :-

1. JHM 400US$  +0.950

2. JSH 500US$  +0.760

3. Jardine C&C  +0.170

4. CityDev  +0.070

5. OCBC  +0.020

The top 5 loser component stocks were :-

1. UOB  -0.430

2. DBS  -0.230

3. KepCorp  -0.170

4. HKLand US$  -0.100

5. SembMar  -0.090

US markets closed mixed and flat yesterday night as lack of catalysts and also investors remained cautious ahead of this week employment data.  Asian bourses were mixed for the day with Nikkei closed +1.10%, SSE -0.21% and HSI -1.01%.  STI broke the 3,120 support and closed at 3,114.71, down 0.48% with only 11 index stocks managed to register a positive closing.  With European bourses opening in the red ( Portugal's rating was being downgraded ) and DJ future in the red, investors taking profit as a cautious measures.  The next support for STI will be at 3,080.