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.
Thursday, May 7, 2015
Daily Summary 7 May 15
European bourses were marginally up last night. Dow closed -88 at 17842. Trend of Dow is turning down. Dow's future is now -87. European bourses opened down.
Asian bourses were mostly down. Nikkei -240, ShanghaiC -118, Hangseng -351. STI closed -27 at 3433. Volume was 1.6b shares. Gainers were 128 to 369 losers.
Trend of STI is down.
Market opened down and fell further in the the afternoon closing near day low. Blue chips were mostly down. The general market was also down with gainer loser ratio at 1:3.
Dow's future is down at the moment and were European bourses.
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