Monday, September 29, 2014

Daily Summary 29 Sep 14

Europe were mixed on Friday while Dow +167 to close at 17113.  Dow's short term downtrend is holding after the gain.  Dow's future is now -67.  Europe opened flat.

Asian bourses were mixed but Hangseng fell sharply due to the public protest. Hangseng -449.  Nikkei +81 and ShanghaiC +10.  STI closed -8 at 3284.  Volume was another low of 1.2b shares.  Gainers were 187 to 216 losers.

Trend of STI is sliding down gently.

Top volumes were Mirach +1, IHC unchanged, NextGenSat unchanged, APAC +0.1, TuanSing +2, Sunvic +2, SingaporeeDev unchanged, Charisma -0.2, Vibrant -0.1, Blumont unchanged.

STI opened flat and stayed flat for the whole day. It fell slightly in the last half hour to close -8. However after matching it recovered and closed at -2.  Blue chips were generally firmer. Market was not badly affected by Hongkong but cautious.

Europe are looking steady at the moment while Dow is a bit down.

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