Friday, September 13, 2013

Daily summary 13 Sep 13

Dow and Europe were marginally down last night. Dow -26 at 15301. Dow's trend is up. Dow's future is now +10. Europe opened slightly down.

Asian bourses were mixed. Nikkei +17, ShanghaiC -19, Hangsen g-38. STI closed -4 at 3117. Volume was 6.2b shares. Gainers were 209 to 298 losers.

Trend of STI is up but flattening.

Top volumes were Sunmoon +0.1, MDevt -0.1, Albedo +0.3, YHM -0.2, AdvSCT unchanged, Innopac -0.2, Ezra +20, UniFiber unchanged, HLH +0.1, ChinaEnv +3.5.

Market opened up but fell in late morning and remained slightly down for the most part of the day. Blue chips were mostly down. Penny stocks were still actively traded. Today's big gainers were Ezra with the rumour of takeover in play. It added 20c. Other penny stocks that were big gainers were ChinaEnv +3.5, SeeHS +3.5, Sinarmas +6.5, Dukang +4.

For a Friday, market closed pretty firm. Europe and Dow could drift down too but should close steady for the weekend.

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