Tuesday, March 11, 2014

Daily Summary 11 Mar 14

Europe were mixed last night.  Dow -34 at 16419.  Dow's trend is still up but toppish.  Dow's future at the moment is flat.  Europe opened slightly up.

Asian bourses were mostly up. Nikkei +104,  ShanghaiC +2, Hangseng +5.  STI closed +3 at 3129.  Volume was 2.9b shares.  Gainers were 246 to 205 losers.

Trend of STI is up but levelling.

Top volumes were Albedo +0.5, HanKore +0.6, PSL -3.5, Blumont +0.8, Transcu unchanged, KLW +0.2, Giken +2.7, LionGold +3, CharismaEner +0.1, AdvSCT unchanged.

Market opened flat but stayed positive for the rest of the session. STI closed off its day high of 3145. There were more gainers than losers among the blue chips.  Penny and speculatives were firmer. PSL was sold down losing 3.5 cents or more than 10%.

Europe and Dow are fairly steady at the moment.

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