Tuesday, May 17, 2016

Daily Summary 17 May 16

Europe closed flat and mixed last night but Dow +175 at 17711. Dow's short term falling trend is halted for the moment. Dow's future is now +23. European bourses opened up.

Asian bourses were mostly up.. Nikkei +186, ShanghaiC -7, Hangseng +235. STI closed +47 at 2783. Volume was 2.6b shares. Gainers were 304 to 193 losers.

Trend of STI is turning up.with a golden crossing.

Top volumes were Annica unchanged, ThaiBev +4.5, Ezra +0.3, AceAchieve +0.5, Blumont -0.2, Jadason -1.5, GlobalLogistic +7, Attilan -0.7, IPCO unchanged, Vallianz +0.1.

STI opened slightly and stayed there for the most part of the morning. It started to move higher at noon and continued to climb in the afternoon to close near day high. Blue chips were mostly green led by the banks. The general market was firmer with more gainers than losers.

Europe and Dow's future are up at the moment.


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