Tuesday, October 29, 2013

Daily summary 29 Oct 13

Dow and Europe were flat last night. Dow closed -1 at 15569.  Dow's trend is up. Dow's future is now +30.  Europe opened up.

Asian bourses were mixed.  Nikkei -70, ShanghaiC -5, Hangseng +40.  STI closed +2 at 3210.  Volume was 2.1b shares.  Gainers were 197 to 253 losers.

Trend of STI is flat.

Top volumes were SkyOne -0.7, YHM -0.2, Blumont +0.1, Innopac -0.1, Sunmoon unchanged, Albedo +0.1, Digiland unchanged, LionGold -0.5, Cedar unchanged, Asiasons +1.1.

Market opened slightly down but crept up to close marginally up. It was another quiet day of trading with news a broking houses introducing more curbs on penny and speculative stocks. Blue chips were firmer. Penny and speculatives were mixed. Market is likely to trade side ways as sentiment was dampened by the curbs.

Europe and Dow are steady but directionless.

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