Market Summary -- 13th Apr 11

FTSE STI closed 3,172.08, up 34.08 points or +1.09% with a total volume of 1.45b and a total value of S$1.68b.  Total number of advance vs decline was 332 vs 145.  Of the 30 component index stocks, 25 closed positive, 3 closed negative and 2 remained unchanged.  The top 5 gainer component stocks were :-

1. Jardine C&C  +0.700

2. SIA  +0.660

3. JSH 500US$  +0.580

4. UOB  +0.200

5. DBS  +0.160

The 3 loser component stocks were :-

1. SembMar  -0.040

2. Olam  -0.010

3. F&N  -0.010

US markets fell almost 1% yesterday night in reaction to Alcoa's revenue missing expectation, Japan nuclear crisis being upgraded to level 7 and a fell in crude oil price ( sending energy related stocks down ).  Asian bourses however were on a different tone for the day with all closing in positive region.  Nikkei closed +0.90%, SSE +0.96% reversing earlier loss and HSI +0.66%.  STI fared better among regional bourses as bargain hunting came in snapping up the blue chips sending STI to close +1.09% almost regained past 2 days drop.  A firm opening from European bourses and DJ future also helped the buying sentiment.  The drop in crude oil price help SIA to jump almost 5% as one of the best gainer in term of percentage among the component stocks.  Singapore corporate earning starts today with SPH releasing its earning after market close.