Market Summary -- 30th Mar 11

FTSE STI closed 3,095.32, up 38.37 points or +1.25% with a total volume of 1.57b and a total value of S$1.85b.  Total number of advance vs decline was 410 vs 129.  Of the 30 component index stocks, 27 closed positive and 3 closed negative.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.300

2. UOB  +0.280

3. KepCorp  +0.260

4. SIA  +0.220

5. Jardine C&C  +0.200

The 3 loser component stocks were :-

1. CapMallsAsia  -0.010

2. NobleGrp  -0.010

3. SIA Engg  -0.010

US markets closed positive yesterday with a at least +0.5% gain as investors cheered on a better than expected consumer sentiment data.  Asian bourses also took to positive trading day with exception of SSE which closed -0.08% relatively flat.  Nikkei rebound after 2 days of drop with +2.64% and HSI +1.70%.  STI raced ahead since the opening of the bell and hitting intra-day low of 3,109.8 before closing at 3,095.32 as window dressing caused some massive buying of the blue chips.