Market Summary -- 27th Dec 11

FTSE STI closed 2,673.62, down 2.85 points or -0.11% with a total volume of 390M and a total value of S$239M.  Total number of advance vs decline was 161 vs 174.  Of the 30 component index stocks, 11 closed positive, 18 closed negative and 1 remained unchanged.  The top 5 gainer component stocks were :-

1. UOB  +0.070

2. DBS  +0.060

3. HKLand US$  +0.050

4. JMH 400US$  +0.040

5. CityDev  +0.030

5. SIA Engg  +0.030

The top 5 loser component stocks were :-

1. Jardine C&C  -1.470

2. JSH 500US$  -0.110

3. SGX  -0.040

4. KepCorp  -0.030

5. NobleGrp  -0.025

US markets closed positive last Friday due to better than expected economic data and not much negative news from Europe.  Asian bourses most of them pared gain from yesterday and closed mostly negative.  Nikkei closed -0.46%, SSE -1.09% ( a new 33-month low ) and HSI only reopened tomorrow.  STI practically not moving anywhere with an ultra thin volume of only 390 million and closed -0.11%.  Given the lack of direction from regional bourses and a short last trading week for the year, investors mostly sideline awaiting of direction from other global bourses.