Monday, September 23, 2013

Daily Report 23 Sep 13

Europe were weaker on Friday while Dow -185 to close at 15451. Trend of Dow is still up but levelling. Dow's future is now +26. Europe opened up.

Asian bourses were mixed. Nikkei closed, ShanghaiC +29, Hangseng -131. STI -23 at 3214. Volume was 4.5b shares. Gainers were 200 to 310 losers.

Trend of STI is also levelling.

Top volumes were YHM +0.7, Hankore +0.5, Sunmoon unchanged, Digiland unchanged, Albedo -0.1, MetechInt +0.3, Rowsley +2.5, EMSEner +0.6, Ipco +0.1, AdvSct unchanged.

Market dipped on opening but remained steady and closed off its low. Blue chips were much weaker. Penny stocks and speculatives also opened mostly down but ended firmer. Several of these made decent gains. RexIntl +6.5, Rowsley +2.5. The mid caps gainers were Ezra +10, Liongold +7.5, Blumont +16.5,

Dow was affected by the rejection of Obamacare last Friday but seemed to have taken the beating quite well with Dow's future now positive. Europe too are positive at the moment.

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