Wednesday, January 8, 2014

Daily summary 8 Jan 14

Europe and Dow were up last night.  Dow +105 at 16531.  Trend of Dow is trying to turn back up.  Dow's future is now +6.  Europe opened mixed.

Asian bourses were mostly up.  Nikkei +307, ShanghaiC -3, Hangseng +284.  STI closed +30 at 3151.  Volume was 4.4b shares. Gainers were 224 to 268 losers.

STI's trend is flattening and the fall looks like stopping.

Top volumes were CharismaEner -0.2, Hankore -0.5, Metech +0.1, Albedo -0.3, KLW -0.1, Transcu -0.1, Federal -0.1, Vallianz -1.9, GSH -0.2, WEHldg +0.1.

Market opened up and continued to gain to close at day high.  Blue chips were mostly up with banks making good recovery after last week's selling. However, penny and speculatives were sold down after news of UOB KayHian imposing curbs on these stocks.

Dow's future and Europe have firmed up at the moment.

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