European bourses were up last night.
Dow closed +46 at 18070. Dow's trend is turning up again. Dow's
future is now +15. European bourses opened firmly up.
Asian bourses were mostly up with profit
taking in Hong Kong and Shanghai. Nikkei +2, ShanghaiC -182, Hangseng
-368. STI closed -10 at 3473. Volume was 1.7b shares. Gainers
were 183 to 297 losers.
Trend of STI is down.
Top volumes were Stratech -0.3, MDR
+0.1, SinoConstruction +0.1, SIIC -0.2, Noble +3.5, Armarda unchanged,
IHC +0.5, Jaya -0.2, Tigerair -2.5, PacificAndes -0.3.
Market opened down and went down further
through the day. It closed off its low with some short covering in the
last half hour of trading. Blue chips were mostly weaker. The general market
was also weaker.
Europe and Dow's future are looking
positive for tonight.
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