Friday, January 23, 2015

Daly Summary 23 Jan 15

Dow and Europe closed up last night. Dow +260 at 17814.  Dow's trend is up. Dow's future is now +40.  European bourses opened up,

Asian bourses were mostly up.  Nikkei +183, ShanghaiC + 10, Hangseng +328.  STI closed +41 at 3415.  Volume was 2b shares.  Gainers were 337 to 180 losers.

Trend of STI is up.  

Top volumes were AdvanceSCT +0.1, LionGold -0.2, Armarda unchanged, PacificAndes  -0.1, GoldenAgr +1.5, IHC unchanged, Noble -0.5, SIIC +0.1.

Market opened up and continue to make gains. It closed near its high with a gain of 41 pts.  Blue chips were mostly higher. Property stocks made good gains with positive news of Keppel Corp making a takeover of Keppel Land at a much higher price. Penny stocks and speculatives were also mostly gainers with the continued Capricorn effect.

European bourses are running up at the moment with the QE announcement. Dow's future is also positive at the moment.

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