Market Summary -- 9th May 11

FTSE STI closed 3,136.94, up 37.42 points or +1.21% with a total volume of 909M and a total value of S$1.21b.  Total number of advance vs decline was 326 vs 119.  Of the 30 component index stocks, 23 closed positive, 4 closed negative and 3 remained unchanged.  The top 5 gainer component stocks were :-

1. JMH 400US$  +1.560

2. DBS  +0.300

3. CityDev  +0.300

4. JSH 500US$  +0.200

5. UOB  +0.180

5. KepCorp  +0.180

The 4 loser component stocks were :-

1. Jardine C&C  -0.140

2. Capitaland  -0.050

3. ComfortDelGro  -0.010

4. StarHub  -0.010

US markets closed positive last Friday due to better than expected employment data.  Asian bourses were mostly positive taking the cue except for Nikkei.  Nikkei closed -0.66%, SSE +0.30% and HSI +0.76%.  STI closed +1.21% in line with regional bourses and also election result was well within expectation.  Banking stocks led the buying up in a very thin volume day with less than 1 billion transacted volume.  With the election out of investors mind, they now refocus back to the global events.