Thursday, April 3, 2014

Daily Summary 3 Apr 14

Dow and Europe were marginally up last night.  Dow +40 at 16573.  Dow's trend is up with a golden crossing.  Dow's future is now +18.  Europe opened slightly down.

Asian bourses were mixed.  Nikkei +126, ShanghaiC -15, Hangseng +41.  STI closed +25 at 3218.  Volume was 2.4b shares.  Gainers were 267 to 215 losers.

Trend of STI is up.

Top volumes were HanKore -0.3, KLW unchanged, Noble +6, Transcu unchanged, LionGold -2.6, AusGroup +6.5, Albedo unchanged, Memstar -0.1, Blumont -0.1, WCorp +0.8.

Market gapped up on opening and remained up the whole day. It closed near day high.  Blue chips were mostly firmer. Penny and speculatives were mixed. The three counters of LionGold, Blumont and Asiason fell on reports of CAD investigation.

Both the trends of STI and Dow are moving up. Dow and Europe are looking firm at the moment. Tomorrow could see a bit of profit taking at the end of session after the last few days of gains.

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