Thursday, August 11, 2016

Daily Summary 11 Aug 16

Europe closed mixed last night. Dow closed -37 at 18496. Trend of Dow is drifting sideways for the moment. Dow's future at this moment is +19. European bourses opened slightly up.

Asian bourses closed mixed. Nikkei -30, ShanghaiC -16, Hangseng +88. STI closed -1 at 2875. Volume was 1.9b shares. Gainers were 215 to 191 losers.

Trend of STI is attempting to break up.

Top volumes were Ezra unchanged, Noble +0.7, SingMedical +5.5, Magnus +0.1, SingTel +7, CNMC +2, Yuuzoo +1.7, Spackman +0.4, MMPResources +0.1, YZJ -4.5

STI opened down and stayed down for the whole morning. It turned slightly positive in mid afternoo only to close flat. Blue chips were generally weaker. The general market was slightly firmer with more gainers than losers.

Europe and Dow's future at the moment are slightly positive.


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