Wednesday, September 4, 2013

Daily summary 4 Sep 13

Dow were +24 last night to close at 14834. Europe were down slightly. Dow's trend is breaking up. Dow's future is now +. Europe opened on the weak side.

Asian bourses were mixed. Nikkei +75, ShanghaiC +5, Hangseng -68. STI closed -39 at 3015. Volume was 3.9b shares. Gainers were 157 to 314 losers.

Trend of STI is flat, losing a bit of momentum on his recovery.

Top volumes were Albedo unchanged, EMSEner +0.3, Acma +0.2, YHM +0.2, Innopac +0.1, GSH +0.2, Ipco -0.2, MetechInt +0.1, Weiye +0.5, OKHGlobal +3.5.

Market opened down and stay down the whole day. Trading was sideways. There were some attempt to play up but lost steam and STI drifted down to close near day low. Blue chips were mostly in the red. Penny and speculatives were mixed. Some were still active and still made gains.

Dow's future is +7 while Europe slightly down. Very likely they will be drifting sideways like Asian markets until the decision on Syria is decided early next week.

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