Market Summary -- 29th Mar 11

FTSE STI closed 3,056.95, down 0.43 points or -0.01% with a total volume of 1.05b and a total value of S$1.07b.  Total number of advance vs decline was 242 vs 183.  Of the 30 component index stocks, 15 closed positive, 14 closed negative and 1 remained unchanged.  The top 5 gainer component stocks were :-

1. DBS  +0.160

2. KepCorp  +0.160

3. F&N  +0.120

4. ST Engg  +0.050

5. SembMar  +0.040

The top 5 loser component stocks were :-

1. Jardine C&C  -0.940

2. JSH 500US$  -0.300

3. JMH 400US$  -0.200

4. CityDev  -0.200

5. HKLand US$  -0.120

US markets closed negative with a last hour selling down on profit taking with Japan nuclear leak and corporate earning weighing down sentiment offsetting a better than expected February consumer spending.  Asian bourses were mixed for the day with the 3 major bourses of Nikkei ( -0.21% ), SSE ( -0.87% ) and HSI ( -0.03% ) all closing in the negative region.  STI was relatively flattish closing down 0.01% with 15 of the component stocks managed to register gain.  STI was weighed down by the Jardine group of share ( all closing in the negative ) and property stocks after Morgan Stanley downgraded the property sector.