Tuesday, April 22, 2014

Daily Summary 22 Apr 14

Europe were up on Friday but Dow closed -16 at 16408. Dow's trend is looking to break up. Dow's future is now +21. Europe opened firmly up at the moment.

Asian bourses were mixed. Nikkei -4, ShanghaiC -32, Hanseng closed. STI closed +2 at 3255. Volume was 1.8b shares. Gainers were 186 to 242 losers.

Trend of STI is still up.

Top volumes wereTranscu unchanged, Albedo -0.2, CharismaEner -0.2, HanKore -0.2, CCM unchanged, Federal unchanged, Armarda -0.1, Memstar -0.1, Vallianz +1, CapitaMallAsia unchanged.

Market opened up, dipped to negative territory marginally and closed +2. It was a sideway market trading in a small range. Blue chips were slightly firmer. Penny and speculatives were weaker.

Transcu announced a reversed takeover and was top volume with 308.7 million shares trade but price unchanged. The deal was too good if materialised but the price is showing doubts.

Europe and Dow are looking good tonight.

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