Market Summary -- 16th Aug 11

FTSE STI closed 2,832.73, down 41.67 points or -1.45% with a total volume of 1.59b and a total value of S$1.66b.  Total number of advance vs decline was 196 vs 357.  Of the 30 component index stocks, 6 closed positive and 24 closed negative.  The top 5 gainer component stocks were:-

1. JMH 400US$  +1.070

2. JSH 500US$  +0.310

3. ST Engg  +0.060

4. CapMallsAsia  +0.015

5. StarHub  +0.010

6. SIA Engg  +0.010

The top 5 loser component stocks were :-

1. Jardine C&C  -0.520

2. UOB  -0.270

3. CityDev  -0.250

4. OCBC  -0.250

5. KepCorp  -0.230

5. SembMar  -0.230

US  markets closed at least +1.5% yesterday night due to the positive sentiment from Google acquired Motorola Mobility.  Asian bourses reacting to that with positive opening but soon closed in the negative as profit taking coupling with in the afternoon news from Europe that Germany economy was stalled.  Nikkei closed +0.23%, SSE -0.71% and HSI -0.24%.  STI fell 1.45% with only 6 of the index stocks register a positive closing in a thin volume day.  With negative news coming out from Europe, investors taking profit from the past 2 days of rebound and remain cautious.