Thursday, May 4, 2017

Daily Summary 4 May 17

European bourses closed mixed. Dow was +8 at 20958. Trend of Dow is flat at this point. Dow's future at the moment is +32. European bourses opened up. 

Asian bourses closed slightly weaker. Nikkei closed, ShanghaiC -8, Hangseng -12. STI closed -9 at 3228. Volume was 2.2b shares. Gainers were 239 to 204 losers. 

Trend of STI is up. 

Top volumes were Noble +0.8, Yuuzoo +1.6, AllianceMineral +6.5, MDR unchanged, Jadason +1, Chasen +0.7, YZJ +7, Spackman +1.2, Addvalue +0.2, MoyaAsia +0.6. 

STI opened flat but fell immediately to negative. It stay down and only started to recover some lost ground in the last hour of trading when Europe opened firmly up. It still closed down 9 points. Blue chips were slightly firmer with Sembawang family stocks making double digit gains. The general market was slightly firmer. 

Euopean bourses and Dow's future at the moment are up. 


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