Wednesday, October 9, 2013

Daily summary 9 Oct 13

Dow and Europe were down last night. Dow -160 at 14777.  Trend of Dow is down.  Dow's future is now +42.  Europe opened marginally down.  

Asian bourses were mixed.  Nikkei +143, ShanghaiC +14, Hangseng -145.  STI +8 at 3155.  Volume was 3.7b shares.  Gainers were 216 to 258 losers.

Trend of STI is starting to turn up.  

Top volumes were ICP +0.1, Albedo +0.7, YHM unchanged, Hankore unchanged, Innopac +0.2, AsiaPhos -1.5, Ipco unchanged, Asiasons +4.4, AdvSCT +0.1, Blumont +6.

Market opened down but recovered to close +8.  Blue chips were mixed. Penny and speculatives were firmer.  Market was dominated by the trading in Asiasons, Blumont and LionGold. These stocks were very volatile and swinging up and down. General sentiment was steady.

Dow and Europe are looking slightly weak at the moment but steady.

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