Thursday, September 22, 2016

Daily Summary 22 Sep 16

Europe and Dow were up last night. Dow closed +164 at 18294. Trend of Dow is making a move to turn up. Dow's future at this moment is +5. European bourses opened firmly up.

Asian bourses were mostly up. Nikkei continued to rally, +315 with more printing of money. ShanghaiC +17, Hangseng +90. STI bucked the trend closing -3 at 2848. Volume was 1.5b shares. Gainers were 201 to 167 losers.

STI's early climb to trend up is weakening.

Top volumes were Magnus +0.1, Ezra -0.2, Noble -0.2, RexIntl -0.1, Charisma unchanged, ThaiBev unchanged InnoPac unchanged, Parkson -0.3, Addvalue +0.1, WE unchanged, AscendasReit +3.

STI opened up and stayed up for the whole morning. It started to fall after lunch and drifted to stay marginally in the negative. There were more gainers than losers among the blue chips. The general market was slightly firmer.

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


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