Thursday, September 12, 2013

Daily summary 12 Sep 13

Dow was +136 while Europe marginally up last night. Dow closed at 15327. Dow's trend is up. Dow's future is now flat. Europe opened slightly down.

Asian bourses were mixed. Nikkei -38, ShanghaiC +14, Hangseng +17. STI closed at 3121, +13. Volume was 9.8b shares. Gainers were 351 to 198 losers.

Trend of STI is up.

Top volumes were Sunmoon -0.1, Albedo -0.3, YHM +0.2, WEHldg +0.7, Innopac +0.7, Hankore +0.2, Plastoform +0.6, Linair +1.6, GSH +0.2, GemsTV +0.3.

Market opened up and hit a high of 3131 before closing near day low at 3121. Volume hit a new high of 9.8b shares boosted by penny stocks. Blue chips were mostly up. Penny and speculatives were actively traded. Many speculatives were gainers but off their highs with profit taking at the end of the day.

Market appears to be bouyant but minus retail participation.

Europe and Dow are steady at this moment.

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