Thursday, July 24, 2014

Daily Summary 24 Jul 14

Europe were marginally up last night. Dow closed -27 at 17087.  Trend of Dow is still up.  Dow's future is now +21.  Europe opened up.

Asian bourses were mostly up.  Nikkei -44, ShanghaiC +27, Hangseng +170.  STI closed +13 at 3354.  Volume was 1.8b shares.  Gainers were 245 to 198 losers.

Trend of STI is up.

Top volumes were Spackman +4, IHC -0.5, APAC -0.2, Jaya -0.3, ThaiBev +1.5, ChinaSports +0.6, GoldenAgri unchanged, Blumont -0.3, MDR unchanged, LottVision +0.2, WCorp unchanged.

Market opened slightly up but stayed relatively flat. It moved up slightly and only closed at day high after matching. Blue chips were firmer and banks continued to move up. Penny and speculatives too were firmer.

Europe and Dow are looking steady at the moment.

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