Daily Summary 22 Jan 14

Dow was -44 at 16414 last night. Europe marginally down. Dow's trend is still down but levelling. Dow's future is now -3.  Europe opened slightly up.

Asian bourses were mostly up.  Nikkei +25, ShanghaiC +43 and Hangseng +49.  STI closed -1 at 3133.  Volume was 4.3b shares.  Gainers were 186 to 242 losers.

STI's trend is flat. It has been hovering at this level for two weeks.

Top volumes were KLW -0.3, Albedo -0.1, Memstar +0.8, CharismaEner unchanged, AdvSct unchanged, CCM -0.2, Hankore -0.4, JEP +0.1, KimHeng Offshore IPO closed at 29.5, Unionmet -0.2.

Market opened slightly down and traded flat for the whole day. Blue chips were firmer. Penny and speculatives were weaker. Though volumes were higher than yesterday, market was flat.

Europe and Dow are also looking flat at the moment.