Monday, January 13, 2014

Daily summary 13 Jan 14

Dow was marginally down on Fri at 16437, -8 while Europe were positive.  Dow's trend is dipping down.  Dow's future is now -32.  Europe opened up.  
Asian bourses were mostly up.  Nikkei +32, ShanghiaC -4, Hangseng +43.  STI closed -8 at 3135. Volume was 3.7b shares.  Gainers were 161 to 272 losers.

Trend of STI is flat but weakening.

Top volumes were Albedo -0.5, WEHldg +0.4, Hankore -0.3, KLW unchanged, Memstar +0.1, CCM -0.2, Federal +0.6, CharismaEner -0.1, GSH -0.1, Vallianz -0.4.

Market opened up but drifted down to close at near day low at -8.  Blue chips were generally weaker. Penny and speculatives too were weaker. Regional bourses were steady.

There are still more than 2 weeks to CNY and there is still a possibility of some play. Usually the market will be steady till chap goh meh.

Europe is steady at the moment while Dow's future slightly down.

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