Market Summary -- 20th Apr 11

FTSE STI closed 3,165.80, up 40.43 points or +1.29% with a total volume of 1.46b and a total value of S$1.75b.  Total number of advance vs decline was 352 vs 163.  Of the 30 component index stocks, 27 closed positive, 2 closed negative and 1 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.280

2. Jardine C&C  +0.720

3. JSH 500US$  +0.660

4. UOB  +0.280

5. SembCorp  +0.210

The 2 loser component stocks were :-

1. StarHub  -0.020

2. CapitaMall  -0.010

US markets closed positive yesterday night rebound the previous day sharp sell off due to US debt possibility of downgrade.  Corporate earnings from Goldman Sache which beat market expectation help the rebound.  Asian bourses also rebound from previous day sell off.  Nikkei closed +1.76%, SSE +0.27% and HSI +1.60%.  STI rebounded 1.29% with a higher volume, resulting in 27 of the component stocks closed positive.  A sense of election rally appears to be taking place ahead of the nomination day on 27th April 2011 and polling day of 7th May 2011.