Market Summary -- 31st Mar 11

FTSE STI closed 3,105.85, up 10.53 points or +0.34% with a total volume of 1.25b and a total value of S$1.78b.  Total number of advance vs decline was 217 vs 251.  Of the 30 component index stocks, 16 closed positive, 13 closed negative and 1 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.660

2. JSH 500US$  +0.260

3. Jardine C&C  +0.140

4. SIA  +0.140

5. DBS  +0.120

5. OCBC  +0.120

The top 5 loser component stocks were :-

1. HKLand US$  -0.080

2. SembCorp  -0.030

3. Olam  -0.030

4. CapitaMall  -0.030

5. GLP  -0.030

US markets closed at least +0.5% yesterday night in a thin volume day.  Asian bourses were mostly traded in positive region with Nikkei reversing earlier loss and closed +0.48%.  SSE down 0.94% as concern of more tightening weighed on the index.  HSI closed +0.32% as sentiment was hurt by SSE.  STI hit intra-day high of 3,115.4 as funds did window dressing for 1Q2011.  However, the resistance at 3,110 is too much to overcome and ended closed 3,105.85 up 10.53 points.  Investors were cautious ahead of US employment data due tomorrow night.