Europe were up but Dow -67 closing at 15335 last
night. Trend of Dow is down with MACDs cutting downwards. Dow's future
is now +10. Europe opened marginally down.
Asian bourses were mixed. Nikkei -122, ShanghaiC -9, Hangseng +31. STI
closed -6. Volume was 9.5b shares. Gainers were 319 to 209 losers.
Trend of STI is flattening and weakening.
Top volumes were Ipco +1, SingHaiyi +0.1, EMSEner+2.2, Xpress +0.3,
Magnus +0.7, Hankore +0.3, TopGlobal unchanged, MetechInt +0.5, Albedo
unchanged, ChinaGaoxian +0.1.
Market was positive for the first part of the day. It started to drift
down after lunch to close near day low at -3. Blue chips were slightly
firmer. Penny stocks were in play with many turning green. They closed
on the lower side with profit takings in the afternoon.
Volume was exceptionally high due to penny stocks with Ipco alone registering 2b shares.
Europe and Dow are quite steady and trading in small ranges.
No comments:
Post a Comment