European bourses closed mixed last night but Dow continued to move up,
closing +265 at 25381. Short term trend of Dow is up with a golden
crossing. European bourses opened firmly up.
Asian bourses had a good rally. Nikkei +569, ShanghaiC +70 and Hangseng
+1070. STI closed +58 at 3118. Volume was 2.5b shares. Gainers were 280
to 124 losers.
Trend of STI also up with a golden crossing.
Top volumes were Genting +5.5, RexIntl +0.3, Jiutian +0.3, ThomsonMed +0.4,
ThaiBev +2, AEM +7.5, Ezion +0.2, YZJ +2,KrisEnergy +0.4, Cosco +2.5.
STI opened up and moved higher only to pull back to close for lunch at the
opening level. After lunch it moved up all the way to close the session at
day high at +58.
Blue chips continued to make strong gains. The general market was up.
Major Asian markets are having a good rally, a good sign for a recovery and
trend reversal.
European bourses and Dow's future are firmly up at this moment in time.
No comments:
Post a Comment