Market Summary -- 6th Apr 11

FTSE STI closed 3,170.33, up 23.58 points or +0.75% with a total volume of 1.65b and a total value of S$1.53b.  Total number of advance vs decline was 340 vs 161.  Of the 30 component index stocks, 22 closed positive, 3 closed negative and 5 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +0.400

2. Jardine C&C  +0.360

3. SembCorp  +0.180

4. UOB  +0.160

5. KepCorp  +0.160

The 3 loser component stocks were :-

1. Wilmar  -0.020

2. CapitaMall  -0.010

3. SGX  -0.010

US markets closed mixed yesterday night with lacking of catalysts despite US Fed minute cited US recovery on track and was muted towards China raising interest rate for the 3rd time this year.  Asian bourses were mixed with mostly in the positive region.  Nikkei closed -0.32%, SSE +1.14% re-opened after 2 days of holiday and moved up despite interest rate hike and HSI +0.56% tracking SSE.  STI with moment dipping into negative region due to profit taking managed to close at day high of 3,170.33 with 22 out of 30 component stocks registered positive closing.  A positive DJ future and European opening attracted bargain hunting during the closing period to push the index up.