Friday, October 25, 2013

Daily Summary 25 Oct 13

Dow and Europe were up last night.  Dow +96 at 15509.  Dow's trend is up. Dow's future is now -3.  Europe opened down.

Asian  bourses were mostly down.  Nikkei -398, ShanghaiC -31, Hangseng -137.  STI closed -9 at 3209,  Volume was 2.2b shares.  Gainers were 192 to 263 losers.

STI's trend is slightly up.

Top volumes were Innopac -0.4, YHM unchanged, Blumont -3.7, SIICEnv +1.2, Hankore unchanged, Asiasons -4.1, LionGold -4.5, Acma unchanged, Albedo -0.1, GoldenAgr -1.

Market opened up but drifted down through the day to close near day low. Volume was low. Blue chips were mixed while penny and speculatives were weaker.  The three counters of Blumont, Asiasons and LionGold fell again with news that SGX is conducting an investigation on the volatility of these stocks that cost the lost of $8b.

Europe and Dow are looking a bit weak for a Friday.

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