Dow and Europe rebounded last night.
Dow closed +116 at 16374. Dow's trend is still down. Dow's
future is now +40. Europe opened firmly up.
Asian bourses were mostly up. Nikkei
+386, ShanghaiC -3, Hangseng +111. STI closed +20 at 3143. Volume
was 3.9b shares. Gainers were 281 to 165 losers.
Trend of STI is flat and looking to
turn up.
Top volumes were Albedo +0.2, CharismaEner
+0.1, KLW +0.1, JES +0.2, Vallianz +0.4, Unionmet -0.4, SunningTech +2.1,
Memstar +0.2, Federal +0.5, MDevt unchanged.
Market opened up and gained strength
to close higher, +20 pts. Blue chips were mostly higher. Penny and speculatives
were also active and firmer. JES continued to run by adding 2c. Sunvic
also added 10c. PSL +4,
As long as Dow is firm the market is
likely to be active till the CNY. Europe and Dow's future are looking good
for tonight.
No comments:
Post a Comment