Europe closed mixed on Friday while
Dow was +6 at 16852. Dow's trend is slipping down. Dow's future is
now -2. Europe opened up.
Asian bourses were mixed. Nikkei
+67, ShanghaiC +12, Hangseng -31. STI closed -15 at 3256. Volume
was 2.5b shares.
Short term trend of STI is slipping
down as well.
Top volumes were Transcu +0.1, Polaris
+0.3, Oceanus +0.1, ChinaIntl +0.6, ICP +0.1, PNEMicron +0.5, APAC -0.1,
Mirach +0.5, Adventus unchanged, Vibrant +0.7.
Market opened flat but slipped down
and stayed at -5/6 pts for the whole morning. It fell further in the afternoon
but closed off its low. Blue chips were mostly weaker. Penny and speculatives
were also mostly weaker.
Market was expected to fall given the
sharp fall in Dubai on Friday, a drop of 6.7% and a total of 25% from May.
However this did not seem to have any impact on the regional bourses.
Dow and Europe are looking steady at
the moment.
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