Market Summary -- 5th Sep 11

FTSE STI closed 2,773.17, down 69.92 points or -2.46% with a total volume of 1.25b and a total value of S$1.09b.  Total number of advance vs decline was 100 vs 386.  Of the 30 component index stocks, all 30 closed in the red.  The top 5 loser component stocks were :-

1. Jardine C&C  -2.270

2. JMH 400US$  -2.240

3. JSH 500US$  -1.090

4. DBS  -0.360

5. UOB  -0.330

US markets fell at least 2% last Friday when the employment data indicated no job created last month and unemployment rate stayed at 9.1%.  The data created another round of fear of US economy going into recession.  Asian bourses traded in negative region for the day with at least 1% drop.  Nikkei closed -1.86%, SSE -1.96% and HSI -2.95%.  STI in line with regional bourses closed -2.46% in a thin volume day with all 30 index stocks registered negative closing.  Investors are now looking at this coming Thursday when President Obama giving a speech on job creation.