Monday, September 30, 2013

Daily Summary 30 Sep 13

Dow and Europe were weaker on Friday. Dow -71 at 15258. Trend of Dow is slipping down again. Dow's future is now -93. Europe opened down.

Asian bourses were mostly weaker. Nikkei -304, ShanghaiC +15, Hangseng -347. STI closed -33 at 3177. Volume was 4.9b shares. Gainers were 127 to 432 losers.

STI's trend is still flat but weakening.

Top volumes were YHM -1.1, Albedo -1.1, Ipco -0.1, Hankore -0.5, SingHaiyi -0.2, Oceanus unchanged, Yangzijiang -7, MetechInt -0.4, Federal +0.2, GoldenAgr unchanged.

Market was steady on opening and was slightly weaker till mid afternoon. it started to fall further in late afternoon and closed at day low at -42.

Blue chips were weaker. Penny and speculatives were mostly in the red. The sharp falls in Nikkei and Hangseng led to more selling.

The US Senate will vote on the Obamacare tonight and it could go either way. It can't go any worse I think. Europe and Dow's future are looking weak at the moment.

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