Monday, September 8, 2014

Daily Summary 8 Sep 14

Europe were slightly firmer on Friday while Dow closed + 68 at 17137.  Dow's short term trend is firming up.  Dow's future at the moment is -20.  Europe opened mixed.

Asian bourses were mixed and generally flat.  Nikkei +36, ShanghaiC +20, Hangseng -50.  STI closed -5 at 3336.  Volume was 2b shares.  Gainers were 171 to 256 losers.

Short term trend of STI is flat.

Top volumes were SingaporeeDev  unchanged, IC -0.5, APAC -0.5, ThaiBev -0.5, HPHTrust +0.5, DynaMac +2.5, SIIC +0.4, Mirach -0.4, Blumont unchanged, Cosmosteel +0.5.

Market opened flat but slipped down slightly subsequently. It traded in a very narrow band.  Blue chips were mixed but Penny and speculatives were weaker.

Europe and Dow are looking slightly weaker at the moment.

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