Europe and Dow were up last night. Dow was +87
at 16449. Dow's trend is flattening but with last night's gain the
MACDs pulled back up and did not cut down to firm its down trend. Dow's
future is now +20. Europe also opened up.
Asian bourses were mixed. Nikkei closed, ShanghaiC +17, Hangseng +321.
STI closed -5 at 3238. Volume was 1.5b shares. Gainers were 187 to
247 losers.
STI is starting on its downtrend.
Top volumes were Hankore +0.1, QTVascular IPO closed at 34c, Artivision
+1.4, Memstar unchanged, Albedo +0.1, Vallianz -0.1, Equation -0.1, CCM
unchanged, Charisma -0.1, Wilmar -9.
Market opened marginally down but fell further to a low of 3223. It
recovered some grounds in the last couple of hours to close at 3238.
Trading was very quiet and in a very small range. Blue chips were mixed.
Penny and speculatives were also mixed.
The low activity could be due to the coming May Day holiday. But it
should not make much difference in a market devoid of investors. Let's
see what more tricks SGX could bring out to 'stimulate the market'.
Europe and Dow are looking steady at the moment.
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