This is a blog on the Singapore Stock Market with reports from the broking houses and some commentaries by me. Readers are advised to take the reports with an open mind and to make their own analysis as the market is dynamic and things change very rapidly. Follow the reports and recommendations at your own risk.
Tuesday, January 21, 2014
Daily Summary 21 Jan 14
Europe were mixed while Dow was closed last night. Dow's trend is looking down but steady. Dow's future is now +50. Europe opened slightly up.
Asian bourses were mostly up. Nikkei +154, ShanghaiC +17, Hangseng +104. STI closed +5 at 3134. Volume was 3.9b shares. Gainers were 271 to 182 losers.
Trend of STI is neutral at this point.
Top volumes were KLW +0.4, Hankore +0.6, Albedo +0.3, CCM +0.6, JES +1.4, EMS +0.5, CharismaEner +0.1, MirachEner -0.5, Memstar +0.3, OttoMarine +0.3.
Market opened flat, traded in a small band and maintaining slightly positive throughout the day. Blue chips were slightly firmer. Penny and speculatives were active and with more gainers but the gains were small.
Europe and Dow are looking positive for tonight at this moment.
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