Market Summary -- 4th Apr 11

FTSE STI closed 3,140.62, up 20.15 points or +0.65% with a total volume of 1.35b and a total value of S$1.58b.  Total number of advance vs decline was 345 vs 139.  Of the 30 component index stocks, 21 closed positive, 8 closed negative and 1 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.700

2. KepCorp  +0.300

3. CityDev  +0.160

4. SGX  +0.150

5. OCBC  +0.060

5. GLP  +0.060

5. SembMar  +0.060

The top 5 loser component stocks were :-

1. SIA  -0.120

2. Jardine C&C  -0.100

3. Wilmar  -0.040

4. ST Engg  -0.030

5. DBS  -0.020

US markets closed positive last Friday after a better than expected non-farm payroll seeing US unemployment rate fell to 8.8%.  The sentiment of Asian bourses were lifted with that news with Nikkei closed +0.11%, HSI +1.46% and SSE was closed for holiday.  STI gap up on open with offshore/marine and commodity stocks leading the buying allowing 21 of the 30 index stocks registering a positive close lifting STI +0.65%.