European bourses were up last night but Dow clsosed -245 at 24443. Trend
of Dow is down and getting near to 23,500 level. European bourses opened
slightly up.
Asian bourses closed mixed. Nikkei +304, ShanghaiC +26, Hangseng -227.
STI closed -15 at 2966. Volume was 1.9b shares. Gainers were 123 to 247
losers.
Trend of STI is down.
Top volumes were Genting -1.5, Ezion -0.2, AlliedTech -0.1, YZJ -2,
ThomsonMed unchanged, RexIntl -0.4, CapitaComTr -1, ThaiBev -0.5, NamCheong
-0.1, LippoMallsTr -1.
STI opened down about 10 points and fell further to hit a morning low of
-21 points in mid morning. It recovered some losses to close for lunch.
After lunch it moved up a little more before sliding down to close slightly
above day low at -15.
Blue chips were mostly in the red. The general market was down with gainer
loser ratio at 1:2.
Dow's future and European bourses are up at this point in time. The
situation in Dow is oversold and a rebound could be on the way. If this
fails to materialise, than the downside could be worrying.
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