Monday, January 12, 2015

Daily Summary 12 Jan 15

Dow and Europe were down on Friday. Dow closed -171 at 17737.  Dow's trend is levelling. Dow's future is now +75.  Europe opened very firm.

Asian bourses were mixed.  Nikkei +31, ShanghaiC -54, Hangseng +107.  STI +4 at 3342.  Volume was 1.2b shares.  Gainers were 170 to 266 losers.

Trend of STI is also flattening.

Top volumes were IHC unchanged, Metal Component -0.1, ChinaEnv +1.5, GoldenAgri unchanged, PacificAndes +0.1, OLS unchanged, SIIC +0.1, Annica unchanged, GlobalLogistic +1, ResourcesPrima -1.

Market opened marginally down and traded in a small band for the whole day. It closed slightly positive. Blue chips were mixed. Penny and speculatives were generally weaker.

Dow's future and Europe are very firm at the moment.

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