Wednesday, February 26, 2014

OCBC Report 26 Feb 14

Dow and Europe were slightly down last night.  Dow -27 at 16180.  Trend of Dow is still up.  Dow's future is now +30.  Europe opened slighlty down.

Asian bourses were mixed.  Nikkei -81, ShanghaiC +7, Hangseng +120.  STI closed -15 at 3088. Volume was 2.1b shares.  Gainers were 202 to 267 losers.

Trend of STI is still up.

Top volumes were AdvSCT unchanged, HanKore unchanged, Albedo unchanged, OEL +0.5, Blumont -0.8, Equation unchanged, GoldenAgr -1.5, WEHldg -0.1, SingHaiyi -0.1, CharismaEner -0.1.

Market opened marginall down and remained down for the whole day.  Blue chips were mostly in the red.  Penny and speculatives were mixed.  Market is trading sideways with very low volume.

Europe are a bit down at the moment while Dow's future is now positive.

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