Wednesday, October 30, 2013

Daily Summary 30 Oct 13


Dow and Europe were up last night.  Dow closed +111 at 15680.  Dow's trend is up.  Dow's future is not available today.  Europe opened up.

Asian markets rallied.  Nikkei +176, ShanghaiC +32, Hangseng +457.  STI +22 at 3230. Volume was 3.3b shares.  Gainers were 196 to 313 losers.

Trend of STI is turning up slightly.

Top volumes were Sunmoon unchanged, ValueMax IPO closed at 52.5. Digiland unchanged, HM -0.2, Hankore -0.4, Innopac -0.2, Blumont -1, Albedo -0.3, GoldenAgr -1.5,  MirachEner -1.8.

Market opened weak, dragged down by the poor sentiment on penny stock curbs. The rally in regional bourses added pressure to push up the index and some buying in the afternoon pushed STI to close at day high. Most blue chips were positive. Can't say much on penny and speculatives. Many were still being sold down.

European bourses are looking good at the moment.

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