Market Summary -- 10th May 11

FTSE STI closed 3,156.26, up 19.32 points or +0.62% with a total volume of 984M and a total value of S$1.03b.  Total number of advance vs decline was 281 vs 165.  Of the 30 component index stocks, 18 closed positive, 8 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. UOB  +0.400

2. KepCorp  +0.120

3. Jardine C&C  +0.120

4. OCBC  +0.090

5. DBS  +0.080

5. SIA Engg  +0.080

The top 5 loser component stocks were :-

1. JMH 400US$  -0.100

2. JSH 500US$  -0.060

3. StarHub  -0.020

4. NOL  -0.020

5. CapitaMall  -0.010

5. CapMallsAsia  -0.010

5. SembCorp  -0.010

5. Capitaland  -0.010

US markets continued to move up yesterday night led by commodity stocks rebound despite Euro zone debt relating to Greece resurfaced.  Asian bourses taking the cue mostly close positive for the day.  Nikkei closed +0.25%, SSE +0.63% and HSI was closed for holiday.  Market also awaiting for China CPI due tomorrow.  STI continued the post election moving up with another +0.62% as bank stocks continued the moving up.  With rebound of oil price, offshore/marine and commodity stocks also led the rebound.