Wednesday, June 1, 2016

Daily Summary 1 June 16

European bourses and Dow were down last night. Dow -88 at 17787. Dow's short term trend is still up but weakening. Dow's future is not -24. Euuropean bourses opened down.

Asian bourses closed mostly down. Nikkei -279, ShanghaiC -2, Hangseng -54. STI closed -5 at 2786. Volume was 1.5b shares. Gainers were 150 to 264 losers.

Trend of STI is starting to turn down.

Top volumes were Cedar -0.1, IPCO -0.1, Ezra -0.1, Noble -1, SingTel +2, ThaiBev +2.5, HPHTrust unchanged, GoldenAgri -1, Genting +1.5, GlobalLogistic -1.5.

STI opened flat, slipped to negative and recovered to stay flat for the mid session. It slipped to slightly negative in the last hour of trading. Blue chips were mostly down. The general market is also weaker.

Europe and Dow's future are slightly down at this moment.


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