Market Summary -- 14th Jan 11

FTSE STI closed 3,245.96, down 9.91 points or -0.30% with a total volume of 1.90b and a total value of S$1.91b.  Total number of advance vs decline was 162 vs 312.  Of the 30 component index stocks, 10 closed positive, 15 closed negative and 5 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.300

2. JSH 500US$  +0.660

3. KepCorp  +0.080

4. HKLand US$  +0.070

5. SGX  +0.050

The top 5 loser component stocks were :-

1. CityDev  -0.580

2. Jardine C&C  -0.420

3. SIA  -0.200

4. OCBC  -0.140

5. Capitaland  -0.130

US markets closed negative yesterday night as investors selling off after unexpected rise in jobless claims.  Asian bourses taking the cue were in the negative region for the day.  Nikkei closed -0.86%, SSE -1.29% as worries of China might implementing further tightening measures resurfaced ahead of next week inflation and GDP data.  HSI +0.18% bucking the trend.  STI with sudden announcement yesterday night from Government of new property cooling measures, property stocks were under selling pressure dragging down the index stocks.