Thursday, October 30, 2014

Daly Summary 30 Oct 14

European bourses were slightly positive while Dow closed -31 at 16974.  Trend of Dow is up.  Dow's future at the moment is +40.  Europe opened up.

Asian bourses were mixed.  Nikkei +104, ShanghaiC +18, Hangseng -118.  STI closed +7 at 3230.  Volume was 1.3b shares.  Gainers were 191 to 205 losers.

Trend of STI is slightly looking up.

Top volumes were MDR +0.1, IHC unchanged, Digiland unchanged, Yongnam +4.5, HPHTrust -1, Noble unchanged, SinoGrandness +5.5, GoldenAgri +0.5, SingaporeeDev unchanged, Oceanus -0.1.

Market opened slightly up but drifted to flat for most part of the day. There were some last minute buying to bring it to close +7, which is near day high. Volume dipped below 1.3b shares. There were more losers than gainers among the blue chips.  Penny stocks and speculatives were mixed.

Europe and Dow are looking steady at the moment.

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