Market Summary -- 3rd May 11

FTSE STI closed 3,153.57, down 26.29 points or -0.83% with a total volume of 1.12b and a total value of S$1.37b.  Total number of advance vs decline was 118 vs 391.  Of the 30 component index stocks, 5 closed positive, 24 closed negative and 1 remained unchanged.  The 5 gainer component stocks were :-

1. JMH 400US$  +1.080

2. JSH 500US$  +1.000

3. Jardine C&C  +0.040

4. GLP  +0.030

5. F&N  +0.010

The top 5 loser component stocks were :-

1. CityDev  -0.400

2. KepCorp  -0.200

3. OCBC  -0.170

4. SembCorp  -0.150

5. SGX  -0.130

US markets gave up earlier gain and closed negative yesterday night as concern on Euro zone weighed on Osama's death.  Asian bourses were mixed on that with Nikkei closed for holiday, SSE +0.71% and HSI -0.37%.  STI reopened after yesterday holiday opened slight positive but failed to hold on to the gain as investors taking profit staying sideline ahead of the 7th May 2011 election.  Blue chips were under selling pressure as only 5 out of 30 index stocks managed to register a positive closing.