Thursday, January 14, 2016

Daily Summary 14 Dec 15

Europe closed mixed last night but Dow fell sharply, -365 closing at 16151. Trend Dow is slipping down again. Dow's future is now +78. Europe opened sharply down.

Asian bourses were mostly down but ShanghaiC +58. Nikkei -475, Hangseng -117, both off their lows. STI closed -49 at 2648. Volume was 1.6b shares. Gainers were 115 to 334 losers.

Trend of STI is down.

Top volumes were Annica unchanged, ChinaSports +0.2, APAC +0.1, Noble -2, LifeBrandz unchanged, SingHaiyi +0.1, Ezra -0.2, Blumont -0.1, GlobalLogistic unchanged, SingTel -8.

The sharp fall in Dow last night took its toll and STI gapped down on opening. It stayed down for the whole session and closing near its day low of 2642. Blue chips were mostly in the red, so was the general market. Banks and rig builders were down.

European bourses are playing catchup and down at the moment but Dow's future is up.


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