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.
Friday, May 8, 2015
Daily Summary 8 May 15
Europe closed mixed while Dow recovered from early loss to close +82 at 17924. Dow's trend is still down. Dow's future at the moment is +35. European bourses opened up.
Asian bourses were mostly up. Nikkei +87, ShanghaiC +95, Hangseng +287. STI closed +19 at 3452. Volume was 2b shares. Gainers were 250 to 217 losers.
Trend of STI is down but seeing the first gain after a week of falls.
Top volume was SIIC +0.5, IHC +0.5, Noble -1, SinoConstruction -0.3, Stratech +0.4, GoldenAgri +1, HPHTrust +0.5, WE unchanged, Genting +2, Vallianz -0.2.
STI opened up and stayed up for the whole session, getting firmer in the afternoon. Blue chips were slightly firmer. The general market was mixed.
Europe and Dow's future are positive at this moment.
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