Market Summary -- 30th May 11

FTSE STI closed 3,140.60, up 5.08 points or +0.16% with a total volume of 821M and a total value of S$833M.  Total number of advance vs decline was 176 vs 246.  Of the 30 component index stocks, 19 closed positive, 7 closed negative and 4 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.320

2. Jardine C&C  +0.320

3. JSH 500US$  +0.200

4. F&N  +0.060

5. DBS  +0.060

The top 5 loser component stocks were :-

1. UOB  -0.180

2. Wilmar  -0.040

3. SembMar  -0.020

4. Capitaland  -0.020

5. Genting SP  -0.010

5. SingTel  -0.010

US markets closed positive last Friday.  Asian bourses were mixed for the day as concern on Europe's debts still weigh on investors.  Nikkei closed -0.18%, SSE -0.13% and HSI +0.29%.  STI managed to stay positive throughout the day but was trading in a narrow range between 3,135 to 3,160 closing +0.16%.  The total volume of today was very thin less than 1 billion giving that investors remain cautious ahead of June holiday and tonight US markets close for holiday, lacking any lead.  19 out of 30 component stocks managed to register positive closing.