Friday, September 23, 2016

Daily Summary 23 Sep 16

Europe and Dow continued another day of gains. Dow closed +99 at 18392. Trend of Dow actually had a golden crossing. Dow's future at the moment is -30. European bourses opened down.

Asian bourses closed mixed. Nikkei -54, ShanghaiC -9, Hangseng -73. STI closed +12 at 2858. Volume was 1.4b shares. Gainers were 185 to 206 losers.

Trend of STI struggling to break north.

Top volumes were Addvalue +0.2, Annica unchanged, Magnus unchanged, Noble -0.1, YingLi +0.4, Ezra unchanged, YZJ -0.5, ThaiBev unchanged, SunMoon +1.3, HealthwayMed +0.1.

STI opened flat but quickly slipped to negative. It managed to crawl back to flat around noon and stayed that way for the early part of the afternoon session. In the last hour of trading it moved up slightly to close at day high gaining 10 pts.

Blue chips were mixed. The general market was slightly weaker.

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


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