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.
Monday, May 11, 2015
Daily Summary 11 May 15
Europe and Dow were firmly up on Friday. Dow closed +267 at 18191. Dow's
trend has a golden crossing and turning up. Dow's future at the moment is
-6. Europe opened down.
Asian bourses were mostly up, Nikkei +242, ShanghaiC +128, Hangseng +141.
STI closed +20 at 3471. Volume was 1.2b shares. Gainers were 238 to 198
losers.
Trend of STI is turning up.
Top volumes were MDR +0.1, SinoConstruction +0.2, IHC -0.5, Jaya +0.3,
Stratech -0.3, ChinaNewTown unchanged, Noble +2.5, Yuuzoo +0.5, SinjiaLand
-9.5, OttoMarine +0.2.
Market opened up and stayed up the whole session. It closed at day high at
3472. Blue chips were slightly firmer but volume was a low of 1.2b shares.
General market was slightly firmer.
European bourses and Dow's future at the moment is down.
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