Wednesday, August 27, 2014

Daily Summary 27 Aug 14

Europe and Dow were up last night. Dow closed +30 at 17107.  Dow's short term trend is reversing up again.  Dow's future is now +14.  Europe opened slightly down.  

Asian bourses were mostly up.  Nikkei +14, ShanghaiC +2, Hangseng -156.  STI closed +18 at 3341.  Volume was 1.8b shares.  Gainers were 236 to 198 losers.

Short term trend of STI is turning up again.

Top volumes were Jaya +0.1, JES +0.2, IHC +1, APAC +0.1, Weiye +0.3, STATS +5.5, Envictus +2, Genting +3.5, Digiland unchanged, Mirach -0.2.

Market opened up and continue to gain strength through the session. It closed near to day high. Volume has increased slightly but still below 2b shares. Blue chips were mostly up. Penny and speculatives were generally firmer.

Europe are slightly down at the moment while Dow's future is slightly up.

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