Market Summary -- 25th Jan 11

FTSE STI closed 3,181.15, down 4.61 points or -0.14% with a total volume of 1.79b and a total value of S$1.63b.  Total number of advance vs decline was 136 vs 361.  Of the 30 component index stocks, 12 closed positive, 14 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. Jardine C&C  +0.560

2. JSH 500US$  +0.400

3. KepCorp  +0.080

4. CityDev  +0.080

5. HKLand US$  +0.080

The top 5 loser component stocks were:-

1. F&N  -0.110

2. Wilmar  -0.100

3. OCBC  -0.080

4. JMH 400US$  -0.060

5. Genting SP  -0.050

US markets closed positive yesterday night with DJ almost touching the 12,000 level as investors were looking very positive towards US economy this year due to robust corporate earnings.  Asian bourses however were mixed as investors still concern of China tightening measures and US Fed meeting this week.  Nikkei closed +1.15% after BOJ upgraded its growth forecast for 2011.  SSE -0.68% and HSI -0.05%.  STI like yesterday gave up all the gain in the early part of the day and closed -0.14% with blue chips having mixed performance.