Friday, October 18, 2013

Daily Summary 18 Oct 13

Dow closed flat, -2 at 15372. Europe were mixed.  Dow's future is +16. Dow's trend is up after a golden crossing.  Europe opened marginally up.

Asian bourses were mostly up.  Nikkei -25, ShanghaiC +5, Hangseng +245.  STI closed +6 at 3192.  Volume was 1.8b shares.  Gainers were 215 ot 215 losers.

Trend of STI is flat but slightly on the upside.

Top volumes were Innopac +0.2, Albedo unchanged, YHM unchanged, HanKore -0.1, Jubilee +0.1, GoldenAgr +1, ChinaGaoxian -0.6, Blumont +1.9, CapitaMall +3.5, SingHaiyi +0.1.

Market opened up but drifted down to close at day low, but +6. It was a very quiet day and trading was sideways after opening on a positive note.  Blue chips were mostly higher. Penny and speculatives were mixed.

The ending of the debt crisis has led to more worries in the US economy as the debt is still rising.  Europe opened slightly up while Dow's future is also positive at the moment. Both are likely to close flat but steady for the weekend.

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