Tuesday, October 30, 2018

Daily Summary 30 Oct 18

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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