Market Summary -- 28th Jan 11

FTSE STI closed 3,229.69, up 9.86 points or +0.31% with a total volume of 1.35b and a total value of S$1.24b.  Total number of advance vs decline was 166 vs 297.  Of the 30 component index stocks, 12 closed positive, 14 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.600

2. JSH 500US$  +1.060

3. UOB  +0.120

4. DBS  +0.060

5. SingTel  +0.050

The top 5 loser component stocks were :-

1. Jardine C&C  -0.260

2. KepCorp  -0.100

3. HKLand US$  -0.050

4. SGX  -0.050

5. SembMar  -0.030

US markets closed positive yesterday night with a series of good and bad economic data.  Unexpected rise in jobless claim was offset with good pending home sales data.  Corporate earnings also mixed.  Asian bourses were directionless for the day as investors maintain cautious, taking profit from the past 2 days run up.  Nikkei closed -1.13% after S&P downgraded its debt rating.  SSE +0.13% and HSI -0.68%.  STI ranging between positive and negative region with selective blue chips moving up ( mostly defensive stocks ) while those past days ran up were subjected to profit taking and slip ( KepCorp, SembMar, etc ).  Investors will be looking at tonight US GDP data.