Market Summary -- 17th Jan 11

FTSE STI closed 3,238.63, down 7.33 points or -0.23% with a total volume of 1.76b and a total value of S$1.33b.  Total number of advance vs decline was 199 vs 300.  Of the 30 component index stocks, 10 closed positive, 18 closed negative and 2 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.360

2. JSH 500US$  +0.140

3. UOB  +0.100

4. F&N  +0.040

5. CapMallsAsia  +0.030

5.. ST Engg  +0.030

The top 5 loser component stocks were :-

1. Jardine C&C  -0.300

2. KepCorp  -0.120

3. DBS  -0.080

4. SIA  -0.060

5. Olam  -0.060

US markets closed positive last Friday after a better than expected earning from JPMorgan.  Asian bourses however were mixed and mostly negative after China raised bank reserve rate by another 50 basis point last Friday as investors were concerned of more tightening from China Government and also looking at later this week the inflation data.  Nikkei closed +0.04%, SSE -3.03% and HSI -0.52%.  STI opened positive but in line with other regional bourses closed -0.23%.  Singapore Dec non-oil export fell short of expectation when it was released during lunch time today and together with the last week property curbing measures weighing down the index.