Market Summary -- 2nd Feb 11

FTSE STI closed 3,211.12, up 26.38 points or +0.83% with a total volume of 940M and a total value of S$997M.  Total number of advance vs decline was 358 vs 73.  Of the 30 component index stocks, 26 closed positive, 2 closed negative and 2 remained unchanged.  The top 5 gainer component stocks were :-

1. JSH 500US$  +0.500

2. Jardine C&C  +0.220

3. DBS  +0.140

4. NobleGrp  +0.100

5. SembCorp  +0.080

5. NOL  +0.080

5. Genting  +0.080

5. Wilmar  +0.080

The 2 loser component stocks were :-

1. HKLand US$  -0.120

2. SPH  -0.010

US markets moved up at least 1% yesterday night after better corporate earning and manufacturing data.  Furthermore Egypt's issue also eased.  US markets closed at new 2.5 yrs high.  Asian bourses following the cue were traded in positive region for the day.  Nikkei currently at +1.87%, SSE closed for CNY and HSI +1.81%.  STI on a half-day trading rose 26,38 points and closed 3,211.12 with investors taking cue from US markets, bargain hunters coming in for a pre-CNY rally.  26 of the 30 component stocks closed positive.  STI will reopen on 7th Feb 2011.