Daily Summary 27 Mar 14

Europe were up last night but Dow -99 closing at 16269.  Dow's trend is still sideways.  Dow's future is now +22.  Europe opened  down.

Asian bourses were mixed.  Nikkei +146, ShanghaiC -17, Hangseng -53.  STI closed +19 at 3162.  Volume was 2.4b shares.  Gainers were 250 to 185 losers.

Trend of STI is up with a golden crossing.

Top volumes were HanKore -0.1, CharismaEner +0.2, AddvalTech -0.8. Albedo +0.1, LionGold +1.6, Noble +5, GSH +0.1, GoldenAgr unchanged, NexGenCom unchanged, Blumont +0.4.

Market opened flat but gained strength to close near day high.  Blue chips were mostly up.  Mid range stocks were also firmer.  Penny and speculatives were firmer as well.  Addvalue Tech was halted but resuming trading after making a press statement on the pending sale of its subsidiary. It confirmed that the sales price was reasonable but traders were advised to trade with caution.

Europe opened down but Dow's future is positive at the moment.