Wednesday, December 11, 2013

Daily Summary 11 Dec 13

Dow and Europe were slightly lower last night.  Dow -52 at 15973.  Dow's trend slips down again. Dow's future is now -16.  Europe opened mixed.

Asian bourses were mostly down. Nikkei -96, ShanghaiC -33, Hangseng -406.  STI closed -16 at 3065.  Volume was 1.7b shares.  Gainers were 112 to 302 losers.

Trend of STI is down.

Top volumes were Albedo +0.9, OttoMarine +0.6, CharismaEner +0.1, Blumont +0.3, ThBev +1, HPHTrust -1.5, Vallianz -0.2, GoldenAgr -1.5, SingTel -1, CCFH +0.7.

Market opened flat but slipped down along the day to close near day low. Blue chips continued to be sold down.  Penny and speculatives wer also weaker. There was little interest in buying after 6 days of falls.

Europe and Dow are looking flat at the moment.

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