Wednesday, September 18, 2013

Daily summary 18 Sep 13

Dow and Europe were stable last night with Dow +35 closing at 15530. Trend is Dow is up and strengthening. Dow's future is now +19. Europe opened up.

Asian bourses were mixed. Nikkei +194, ShanghaiC +6, Hangseng -63. STI closed +21 at 3202. Volume was 5.7b shares. Gainers were 303 to 206 losers.

Trend of STI is up.

Top volumes were Hankore +0.4, Lereno +0.2 ChinaGaoxian -10, WEHldg +0.2, Compact +0.1, Teledata +0.1, Ipco +0.1, Contel +0.3,Innopac -0.2, Albedo unchanged, SpWindsor +0.4.

Market opened up and stayed up the whole day. It closed near day high. Blue chips were slightly firmer. Penny and speculatives were generally firmer with some making extraordinary gains and some big losses. Asiasons +65 or 32%, Blumont +41 or 21%, Civmec +12 or 17%. Other big gainers were LoyzEnergy +10. ChinaGaoxian lost more than 50%, from 19 to close at 8.6.

Europe and Dow are looking firm at the moment.

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