Dow and Europe rebounded strongly on
Friday. Dow closed +263 pts at 16380. Dow's down trend is seeing
a break. Dow's future is now +37. Europe opened down.
Asian bourses were mostly up with Nikkei
surging 579 pts. ShanghaiC +16 and Hangseng +47. STI closed +19 at
3187 but dipped further to 3181 after matching.. Volume was a low
of 1.2b shares. Gainers were 237 to 198 losers.
Down trend of STI is seeing the first
sign of a reversal if it continues to recover in the next few sessions.
Top volumes were IHC unchanged, APAC
+0.1, JES unchanged, Singtel +3, Vallianz -0.3, Genting -1.5, OLS unchanged,
Ezion +1.5, Blumont -0.1, Mirach -0.3.
Market was slightly positive on opening
and gained more strength but level off later to close +19. Volume was another
low of 1.2b shares. Most blue chips recovered with decent gains. Penny
and speculatives were generally firmer.
Europe and Dow are looking at opposite
direction at the moment.
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