Europe were mixed last night. Dow closed
-26 at 17111. Dow's trend is flat and looks like a double top is
forming. Dow's future is now -10 . Europe opened slightly down
Asian bourses were mostly up. Nikkei
+44, ShanghaiC unchanged, Hangseng -50. STI closed +8 at 3343. Volume
was 1.1b shares. Gainers were 195 to 215 losers.
Trend of STI is flat.
Top volumes were APAC -0.1, IHC unchanged,
STATSChipPAC +3, Sunvic +1.5, Blumont -0.1, Digiland +0.1, CNA unchanged,
Sincap unchanged, SingaporeeDev unchanged, Memstar +0.1.
Market opened flat and crept up slightly
through the day to close with a plus 8 points. Volume was the lowest
to day at just1.1b shares. At this rate, the market would go to hibernation
soon. Blue chips were slightly firmer. Penny and speculatives were
mixed.
Europe and Dow are looking slightly
weak at the moment.
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