Thursday, February 6, 2020

Daily Summary 6 Feb 20

European bourses and Dow were up last night.  Dow closed +483 at 29291.  Trend of Dow is up.  European bourses opened up.

Asian bourses recovered strongly.  Nikkei +554, ShanghaiC +48, Hangseng +707.  STI closed +30 at 3230.  Volume was 2b shares.  Gainers were 292 to 196 losers.

Trend of STI is starting to move up.

Top volumes were Medtecs -2.5, BlackGoldNatural +0.5, GoldenAgri unchanged, OEL +0.1, DISA unchanged, RexIntl +0.3, AusGroup +0.3, YZJ +3.5, Genting +1, AsiaPhos unchanged.

STI opened slightly up and moved up higher. It then reversed direction and moved down hitting a low in mid morning at 3207 before closing for lunch at 3212.  STI moved up strongly after lunch and was at day high by mid afternoon at 3232.  STI turned back down giving up some gains before recovering to close at 3230.

Blue chips were mostly higher.  The general market was up.

European bourses and Dow's future are firmly up at this moment.



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