Wednesday, January 29, 2014

Daily Summary 30 Jan 14

Dow and Europe were down last night.  Dow -190 at 15739.  Dow's trend is down.  Dow's future is now +23.  Europe is still closed. We are having a half day today for the Chinese New Year.

Asian bourses fell sharply following Dow's weakness last night.  Nikkei -395, Shanghai -10, Hangseng -93.

STI closed -26 at 3022. Volume was 1.9b shares. Gainers were 137 to 263 losers.

Trend of STI is down.

Top volumes were Transcu +0.1, Hankore +0.2, SingHaiyi unchanged, Albedo +0.1, CharismaEner -0.1, KLW -0.1, Vallianz -0.1, JES -0.4, Genting -3, Federal +0.4.

Market opened down and remained down for the whole morning. It closed off its low of 3012.  Blue chips were mostly lower. Penny and speculatives were mixed. With Dow continues to show weakness and the regional bourses much weaker, our market is fairly resilient to lose only 26 pts.

Wish everyone a prosperous New Year of the Horse.

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