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.
Friday, February 28, 2014
Daily Summary 28 Feb 14
Europe was mixed last night while Dow +74 at 16273. Dow's trend is up. Dow's future is now -12. Europe opened up.
Asian bourses were mostly up. Nikkei -2, ShanghaiC +9, Hangseng +9. STI closed +9 at 3106. Volume was 1.9b shares. Gainers were 201 to 244 losers.
Trend of STI is looking up again.
Top volumes were THBev +5, Albedo unchanged, MDR unchanged, Hankore unchanged, Armarda unchanged, Blumont +0.1, Equation +0.1, GoldenAgr -1, Transcu -0.1, SingHaiyi unchanged.
Market opened flat then stayed marginally positive in early part of the morning. It fell back to negative but some shortcovering in the last hour moved the STI to close at day high, +14.
Blue chips were mixed. Penny and speculatives were slightly weaker.
At the moment Europe are positive while Dow's future is slightly weaker.
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