Dow and Europe were marginally up last
night. Dow +40 at 16573. Dow's trend is up with a golden crossing.
Dow's future is now +18. Europe opened slightly down.
Asian bourses were mixed. Nikkei
+126, ShanghaiC -15, Hangseng +41. STI closed +25 at 3218. Volume
was 2.4b shares. Gainers were 267 to 215 losers.
Trend of STI is up.
Top volumes were HanKore -0.3, KLW unchanged,
Noble +6, Transcu unchanged, LionGold -2.6, AusGroup +6.5, Albedo unchanged,
Memstar -0.1, Blumont -0.1, WCorp +0.8.
Market gapped up on opening and remained
up the whole day. It closed near day high. Blue chips were mostly
firmer. Penny and speculatives were mixed. The three counters of LionGold,
Blumont and Asiason fell on reports of CAD investigation.
Both the trends of STI and Dow are moving
up. Dow and Europe are looking firm at the moment. Tomorrow could see a
bit of profit taking at the end of session after the last few days of gains.
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