Dow and Europe continued to recover
on Friday. Dow closed +166 at 15794. Trend of Dow is turning
up. Dow's future is now -32. Europe opened positive.
Asian bourses were mostly positive.
NIkkei +256, ShanghaiC +42, Hangseng -58. STI +4 at 3017 with some
short covering during matching period. Volume was 1.9b shares. Gainers
were 194 to 276 losers.
Trend of STI is turning up and looking
for a golden crossing like Dow.
Top volumes were Albedo +0.1, SIIC +0.6,
Memstar +0.3, CharismaEner -0.1, HanKore +0.1, Transcu unchanged, GSH +0.3,
Noble +0.5, KLW -0.1, Genting +2.5.
Market opened up but slipped to negative
territory before last minute matching to close positive. Blue chips
were mixed. Penny and speculatives too were trading mostly sideways. The
impending changes to be introduced by SGX could take the steam out of the
market after a good closing in Dow on Friday.
Europe is positive but Dow's future
is slightly down at the moment.
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