Wednesday, April 30, 2014

DBSVickers Report 30 Apr 14

Dow and Europe were firmer last night. Dow closed +87 at 16535. Dow's trend is turning back up. Dow's future is now -21. Europe opened mixed.

Asian bourses were mixed. Nikkei +16, ShanghaiC +6, Hangseng -320. STI closed +27 at 3265. Volume was 1.8b shares. Gainers were 220 to 234 losers.

Top volumes were Transcu unchanged, Cacola +0.5, Artivision -0.3, Amplefield R -0.1, Hankore -0.2, AdvanceSCT unchanged, GoldenAgr +1, Albedo unchanged, SIIC -0.3, Noble +4.

Trend of STI is down but today's gain is quite strong. Another up with turn it back up unless today is just a window dressing.

Market opend up and stayed up for the whole day. Blue chips particularly the banks were big gainers in the morning but pared off some of the gains. Penny and speculatives were mixed. The big gains in blue chips were likely due to window dressing.

Europe and Dow are looking mixed at the moment.

Tomorrow is May Day holiday.

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