Market Summary -- 4th Jan 11

FTSE STI closed 3,250.29, up 14.52 points or +0.45% with a total volume of 2.22b and a total value of S$1.96b.  Total number of advance vs decline was 304 vs 268.  Of the 30 component index stocks, 16 closed positive, 11 closed negative and 3 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.300

2. JSH 500US$  +0.860

3. HKLand US$  +0.210

4. UOB  +0.200

5. Jardine C&C  +0.140

5. CityDev  +0.140

The top 5 loser component stocks were :-

1. SIA  -0.200

2. Wilmar  -0.160

3. KepCorp  -0.100

4. OCBC  -0.060

5. CapMallsAsia  -0.040

US markets closed average +1.0% yesterday night after series of good economic data namely indicating manufacturing activities expanding.  Asian bourses taking cue from it and continue to move up from yesterday.  Nikkei and SSE re-opened after yesterday holiday finished the session +1.65% and +1.59% respectively.  HSI +0.99%.  STI hit intra-day high of 3,260 before profit taking kicked in and closed 3,250.29 with 16 of the component stocks finished in positive region.