This is a blog on the Singapore Stock Market with reports from the broking houses and some commentaries by me. Readers are advised to take the reports with an open mind and to make their own analysis as the market is dynamic and things change very rapidly. Follow the reports and recommendations at your own risk.
Wednesday, December 10, 2014
Daily Summary 10 Dec 14
Dow and Europe were all down last night. Dow was down more than 100 pts but closed -51 at 17801. Dow's trend has started to go down. Dow's future is now +14. Europe opened up.
Asian bourses were mixed. Nikkei -401, ShanghaiC +85 and Hangseng +39. STI closed +7 at 3326. Volume was 1.4b shares. Gainers were 255 to 185 losers.
Trend of STI is relatively flat at this point with a bit upward biased.
Top volumes were IHC unchanged, SIIC +0.3, GoldenAgri +0.5, PacificCentury +1.5, APAC -0.1, Mirach +0.8, Digiland unchanged, SingTel unchanged, Yuuzoo +1, OLS unchanged.
Market opened flat and turned up to stay positive for the rest of the session though closing near day low. Blue chips were generally firmer. Penny and speculatives were also seeing slightly more greens.
Europe and Dow are looking like going to reverse from last night's falls.
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