Wednesday, August 26, 2015

Daily Summary 26 Aug 15

European bourses recovered sharply last night. Dow was up in early trading but closed -205 at 15666. European bourses opened firmly down but Dow's future is now +213. Trend of Dow is down.

Asian bourses closed mixed. Nikkei +570, ShanghaiC -39, Hangseng -325. STI closed -12 at 2875. Volume was 2.6b shares. Gainers were 243 to 267 losers.

Trend STI is still down but flattening.

Top volumes were NewSilkroutes -0.1, Ezra +0.8, SilverlakeAxis -17.5, Noble -1.5, PacificAndes +0.1, ChinaFishery +0.1, IHC unchanged, Vallianz -0.2, SingTel -5, Stratech -0.2.

STI opened flat and only started to recover after noon. It turned positive and hit a day high of 2905 but closed at 2875 at -12. Blue chips were weaker while the general market was mixed.

Europe is still down but Dow's future is up at this moment.


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