Thursday, September 18, 2014

Daily Summary 18 Sep 14

Europe was flat last night.  Dow continued to recover, +25 to close at 17157.  Short term trend of Dow is turning up.  Dow's future at the moment is +35.  Europe opened firmly up.

Asian bourses were mostly up except Hangseng -208. Nikkei +179, ShanghaiC +8.  STI closed +4 at 3300.  Volume was 2.2b shares.  Gainers were 182 to 250 losers.

Short term trend of STI has stopped falling.

Top volumes were SingaporeeDev -0.2, Digiland unchanged, GSH +0.1, IHC unchanged, Noble +5.5, Mirach -0.2, APAC unchanged, Artivision +0.1, CompactMetal +0.5, Xpress -0.1.

Market opened slightly up and but stayed relatively flat for the day. Blue chips were slightly weaker. Penny and speculatives were also weaker.

Dow and Europe are looking firm at the moment.

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