Dow and Europe were down last night.
Dow -190 at 15739. Dow's trend is down. Dow's future
is now +23. Europe is still closed. We are having a half day today
for the Chinese New Year.
Asian bourses fell sharply following
Dow's weakness last night. Nikkei -395, Shanghai -10, Hangseng -93.
STI closed -26 at 3022. Volume was 1.9b
shares. Gainers were 137 to 263 losers.
Trend of STI is down.
Top volumes were Transcu +0.1, Hankore
+0.2, SingHaiyi unchanged, Albedo +0.1, CharismaEner -0.1, KLW -0.1, Vallianz
-0.1, JES -0.4, Genting -3, Federal +0.4.
Market opened down and remained down
for the whole morning. It closed off its low of 3012. Blue chips
were mostly lower. Penny and speculatives were mixed. With Dow continues
to show weakness and the regional bourses much weaker, our market is fairly
resilient to lose only 26 pts.
Wish everyone a prosperous New Year
of the Horse.
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