Tuesday, December 10, 2013

Daily Summary 10 Dec 13

Dow and Europe were slightly up last night.  Dow's trend is starting to turn up. Dow's future is now +18.  Europe opened positive.

Asian bourses were mostly weaker.  Nikkei -39, ShanghaiC -1, Hangseng -67.  STI closed -32 at 3082.  Volume was 2b shares.  Gainers were 137 to 286 losers.

Trend of STI is down

Top volumes were Albedo -1.1, CharismaEner unchanged, Blumont -0.9, HanKore -0.2, Innopa -0.2, F&N unchanged, Dragon -1.8, Magnus +0.1, OttoMarine unchanged, HPHTrust -1.5.

Market opened flat but drifted down through the day with more selling in late afternoon. Blue chips were mostly red, probably due to some negative rumours.  Penny stocks were also weaker.

Europe and Dow are looking ok for tonight.

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