Wednesday, April 4, 2018
Daily Summary 4 Apr 18
European bourses were down last night. Dow closed +389 at 24033. Trend of
Dow is still sideways. Dow's future at this moment is -424. European
bourses opened down.
Asian bourses closed mostly down. Nikkei +37, ShangahiC -5, Hangseng -661.
STI closed -72 at 3340. Volume was 2.1b shares. Gainers were 98 to 370
Trend of STI is down.
Top volumes were Blumont -0.1, Charisma -0.1, Jiutian -0.7, Genting -4,
HPHTrust +0.5, MarcoPoloMarine -0.2, NicoSteel unchanged, DISA unchanged,
Cosco -5, Rowsley -0.4.
STI opened up but quickly slid to negative and stayed down when closed for
lunch. The fear of trade war continued to weaken market and after 3pm China
announced more retaliatory tariffs against US products, this pushed the
market down further. STI closed at day low at -72.
Blue chips were mostly in the red. The general market was down with gainer
loser ratio at 1 to 4.