Wednesday, August 6, 2014

Daily Summary 6 Aug 14

Europe were up last night but Dow -140 closing at 16429.  Dow's trend is down.  Dow's future is now +3.  Europe opened down.

Asian bourses were mostly down.  Nikkei -161, ShanghaiC -2, Hangseng -84.  STI closed -6 at 3322.  Volume was 1.6b shares. Gainers were 148 to 319 losers.

Trend of STI is down.

Top volumes were IHC +0.5, APAC unchanged, Chiwayland IPO closed 43.5c, AllianceMineral +3.5, Advance SCT unchanged, Chrisma +0.2, Blumont -0.3, ThaiBev unchanged, GlobalLogistic -8, Armarda unchanged.

Market opened down and stayed down the whole day with low volume.  There were more losers among the blue chips. Penny and speculatives too were mostly down. The market is looking like going down for a while to come.

Europe are down on opening while Dow's future is flat at the moment

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