Friday, October 31, 2014

Daily Summary 31 Oct 14

Europe and Dow were all up last night. Dow opened down but ended +221.  Trend of Dow is up. Dow's future is now +170.  Europe opened strongly up.

Asian bourses rallied with very big gains.  Nikkei +756, ShanghaiC +29, Hangseng +296.  STI closed +34 at 3269.  Volume was 1.9b shares. Gainers were 363 to 121 losers.

Trend of STI has turned up.

Top volumes were APAC +0.4, OLS unchanged, IHC unchanged, JES +0.6, Noble +0.5, Mirach +0.3, Genting +4, SingaporeeDev +0.1, Blumont +0.2, Oceanus +0.1.

Market opened up. It climbed higher through the session in line with regional bourses. Dow's overnight gain and month end window dressing could bring all the forces together to push the market higher.  Blue chips were strong with banks making good gains following the results of UOB and OCBC.  Penny stocks and speculatives were also mostly green.

Europe and Dow's future are very firm at the moment. All the charts are looking up, a big contrast to all the bad news a few weeks back.

Thursday, October 30, 2014

Stock Picks 31 Oct 14

DBSV
OCBC - tgt $12.70
IndoAgri - tgt 98c
Parkway Life Reit - tgt $2.62
Starhill Global Reit - tgt 90c

UOBKH
OCBC - tgt $11.60

OCBC
UOB - tgt $24.20
Starhill Global Reit - tgt 90c
DBS - Buy- no tgt price

Daly Summary 30 Oct 14

European bourses were slightly positive while Dow closed -31 at 16974.  Trend of Dow is up.  Dow's future at the moment is +40.  Europe opened up.

Asian bourses were mixed.  Nikkei +104, ShanghaiC +18, Hangseng -118.  STI closed +7 at 3230.  Volume was 1.3b shares.  Gainers were 191 to 205 losers.

Trend of STI is slightly looking up.

Top volumes were MDR +0.1, IHC unchanged, Digiland unchanged, Yongnam +4.5, HPHTrust -1, Noble unchanged, SinoGrandness +5.5, GoldenAgri +0.5, SingaporeeDev unchanged, Oceanus -0.1.

Market opened slightly up but drifted to flat for most part of the day. There were some last minute buying to bring it to close +7, which is near day high. Volume dipped below 1.3b shares. There were more losers than gainers among the blue chips.  Penny stocks and speculatives were mixed.

Europe and Dow are looking steady at the moment.

Stock Picks 30 Oct 14

DBSV
OSIM - tgt $2.59

OCBC
Yoma - tgt 74c

Wednesday, October 29, 2014

Daily Summary 29 Oct 14

Europe and Dow were much firmer last night. Dow closed +188 at 17006. Dow's trend is up. Dow's future is flat at the moment.  Europe opened up.

Asian bourses were mostly up.  Nikkei +224, ShanghaiC +35, Hangseng +300.  STI closed +12 at 3224.  Volume was a pathetic 1.3b shares.  Gainers were 275 to 157 losers.

Trend of STI is still flat.

Top volumes were APAC +0.3, IHC unchanged, OLS +0.1, GoldenAgri +0.5, OSIM -21.5, Noble unchanged, InnoPac unchanged, JES -0.1, Mirach -0.1, SinoGrandness -1.

Market opened up and stayed up the whole session but with a small gain of 12 pts. Volume was as usual, a non event.  Blue chips were firmer. Penny and speculatives were also firmer. Market is still like a cemetry.

Europe and Dow are looking steady for tonight.

Stock Picks 29 Oct 14

DBSV
Mapletree Greater China Com Trust - tgt $1.04
Sheng Siong - tgt 78c

OCBC
Mapletree Greater China Com Trust - tgt $1.00

Tuesday, October 28, 2014

Daily Summary 28 Oct 14

Europe were slightly down last night while Dow gained 13 pts to close at 16818.  Trend of Dow is up.  Dow's future is now +72.  European bourses opened up.

Asian bourses were mostly up.  Nikkei bucked the trend at -59.  ShanghaiC +47, Hangseng +377.  STI closed -12 at 3214.  Volume was 1.4b shares.  Gainers were 156 to  254 losers.

Trend of STI is sliding down.

Top volumes were IC unchanged, Armarda unchanged, Noble -6, APAC -0.3, HuanHsin +0.6, Blumont -0.3, Artivision +0.1, Mirach -0.3, GoldenAgri +1, HPHTrust -1.

Market opened down and stayed down the whole session. Volume was low with little trading interest. Blue chips were weaker. Penny and speculatives were also much weaker.

Europe and Dow are looking firm at this moment.

Monday, October 27, 2014

Stock Picks 28 Oct 14

DBSV
OCBC - tgt $12.70
UOB - tgt $23.10
Hutchinson Port Holding Trust - tgt US 78c

UOBKH
Hutchinson Port Holding Trust - tgt US 80c
ISO Team - tgt 64c
Raffles Medical Group - tgt $4.30

Daily Summary 27 Oct 14

European bourses were down on Friday but Dow gained 128 pts to close 16805. Dow's trend is up.  Dow's future is now +28.  Europe opened up.

Asian bourses were mostly down.  Nikkei +97, ShanghaiC -12, Hangseng -1.  STI closed +4 at 3226.  Volume was 1.3b shares.  Gainers were 193 to 247 losers.

Up trend of STI is flattening a bit.

Top volumes were APAC -0.9, Oceanus +0.1, IHC unchanged, Blumont -0.2, SingTel +2, Artivision +0.8, OLS unchanged, Jaya +0.3, LionGold -0.4, Mirach -0.3.

Market opened up but fell quickly to stay flat most part of the day. It dipped to negative in late afternoon but regained a few points during matching. Blue chips were mixed. Penny and speculatives too were mixed.

Dow and Europe are looking steady at the moment.

Sunday, October 26, 2014

Stock Oicks 27 Oct 14

DBSV
Bumitama Agri - tgt $1.21
First Resource - tgt $2.14
IndoAgri - tgt 98c

UOBKH
Capita Commercial Trust - tgt $1.88
Frasers Centrepoint Trusts - tgt $2.23

OCBC
Libra Group - tgt 33c
Frasers Centrepoint Trust $2.08
Mapletree Greater China Com Trust $1.00

Friday, October 24, 2014

Daily Summary 24 Oct 14

Europe and Dow were up last night. Dow closed +217 at 16678.  Trend of Dow is turning up.  Dow's future is now marginally down, -17.  Europe opened slightly down.

Asian bourses were mixed.  Nikkei +153, ShanghaiC flat, Hangseng -31.  STI closed -14 at 3223.  Volume was 1.4b shares.  Gainers were 218 to 210 losers.

Trend of STI is also turning up.

Top volumes were OLS +0.1, IHC unchanged, APAC +0.1, Oceanus unchanged, Charisma +0.2, Mirach -0.1, SingTel -6, JES -0.2, Blumont -0.1, Artivision 0.9.

STI opened flat but fell immediately and stayed negative throughout the whole session despite the better closing in Europe and Dow.  Blue chips were mixed and so were penny and speculatives. It was another directionless and quite session.

Europe and Dow's future at the moment were slightly down.

Thursday, October 23, 2014

Stock Picks 24 Oct 14

DBSV
Ascott Residence Trust - tgt $1.40
Ascendas Reit - tgt $2.49
SoilBuild Business Spac Reit - tgt 92c

UOBKH
Ascendas Reit - tgt $2.73

OCBC
Ascendas Reit - tgt $2.45
Frasers Centrepoint Trust - tgt $2.08

Daly Summary 23 Oct 14


European bourses were slightly up but Dow closed -153 at 16461.  Dow's trend has actually done a golden crossing and breaking up. Dow's future at the moment is +90.  Europe opened up.

Asian bourses were mixed.  Nikkei -57, ShanghaiC -24, Hangseng -71.  STI closed +31 at 3233.  Volume was 1.5b shares.  Gainers wer e272 to 159 losers.

Trend of STI has turned up with a golden crossing.

Top volumes were IHC +0.5, APAC -0.1, Mirach +0.4, InnoPac +0.1, Genting +2, SingaporeeDev unchanged, HPH Trust +0.5, SIIC +0.8, Ezion +10, Blumont unchanged.

Market opened slightly up and stayed up to buck the trend among Asian bourses. It made further gains in late afternoon when Europe opened positive.  Blue chips were mostly up.  Penny and speculatives were generally firmer too.

Europe and Dow are looking good at the moment.

Wednesday, October 22, 2014

Stock Picks 23 Oct 14

DBSV
Kep Corp - tgt $11.10
Frasers Commercial Trust - tgt $1.53
Mapletree Industrial Trust - tgt $1.53
Mapletree Logistic Trust - tgt $1.25

UOBKH
Sino Grandness Food - tgt 95c
Kep Corp - tgt $12.60
Mapletree Industrial Trust - tgt $1.66
Suntec Reit - tgt $2.05
Triyard - tgt $1.13

OCBC
Singtel - tgt $4.08
Kep Corp - tgt $11.75
Suntec Reit - tgt $1.90
Frasers Commercial Trust - tgt $1.50
Kep Land - tgt $4.09

Tuesday, October 21, 2014

Daily Summary 21 Oct 14

Europe were mixed while Dow recovered to close +19 at 16400.  Dow's trend is attempting to reverse the downtrend.  Dow's future is now -3.  Europe opened up.

Asian bourses were mixed.  Nikkei -309, ShanghaiC -17, Hangseng +18.  STI closed +1 at 3199..  Volume was 1.3b shares.  Gainers were 231 to 198 losers.

Trend of STI is starting to turn up.

Top volumes were Genting -1, IC unchanged, APAC -0.1, OLS unchanged, Spackman +5, Mirach -0.3, ThaiBev +0.5, Blumont -0.1, SingPost -2, Charisma unchanged.

Market opened flat but crept back to positive through the session. It closed near day high. Blue chips were mostly up. Penny and speculatives were slightly better.
Trading remained subdue with little activities.

Europe is very firm at the moment while Dow's future is marginally down.

Monday, October 20, 2014

Stock Picks 21 Oct 14

DBSV
Keppel Land - tgt $4.59

UOBKH
Boustead - tgt $2.06
Keppel Land - tgt $4.30
Rex International - 38.4% upside
RH Petrogas - 41.5% upside
SingHaiyi - 40% upside
Vard - 10.7% upside

OCBC
Frasers Commercial Trust - tgt $1.48

Daily Summary 20 Oct 14

Dow and Europe rebounded strongly on Friday. Dow closed +263 pts at 16380.  Dow's down trend is seeing a break.  Dow's future is now +37.  Europe opened down.

Asian bourses were mostly up with Nikkei surging 579 pts. ShanghaiC +16 and Hangseng +47.  STI closed +19 at 3187 but dipped further to 3181 after matching..  Volume was a low of 1.2b shares.  Gainers were 237 to 198 losers.

Down trend of STI is seeing the first sign of a reversal if it continues to recover in the next few sessions.

Top volumes were IHC unchanged, APAC +0.1, JES unchanged, Singtel +3, Vallianz -0.3, Genting -1.5, OLS unchanged, Ezion +1.5, Blumont -0.1, Mirach -0.3.

Market was slightly positive on opening and gained more strength but level off later to close +19. Volume was another low of 1.2b shares. Most blue chips recovered with decent gains. Penny and speculatives were generally firmer.

Europe and Dow are looking at opposite direction at the moment.

Sunday, October 19, 2014

Stock Picks 20 Oct 14

DBSV
Ezion - tgt - $1.61
Pacific Radiance - tgt $1.20
CapitaMall Trust - tgt $2.12

UOBKH
First Resources - 14.7% upside
Halcyon Agri - 15.5% upside
QT Vascular - 31.4% upside

OCBC
CapitaMal Trust - tgt $2.20

Friday, October 17, 2014

Daily Summary 17 Oct 14

Europe closed mixed last night. Dow opened down but recovered to lose only 25 pts at 16117.  Trend of Dow is down. Dow's future is now +170.  Europe opened up strongly.

Asian bourses were mixed. Nikkei -206, ShanghaiC -15, Hangseng +122.  STI closed +15 at 3169.  Volume was 1.4b shares.  Gainers were 289 to  160 losers.

Trend of STI is down.

Top volumes were IHC unchanged, APAC unchanged, GoldenAgri +1, Mirach unchanged, Genting +0.5, Noble +2.5, RHPetrogas +8.5, Blumont +0.3, Ezion +5, Vallianz +0.4.

Market opened down but crept up slightly to stay flat or slightly positive. Buying came back in the last hour when Europe opened strongly up. Blue chips were mostly green. Penny and speculatives were also firmer.

Dow and Europe are looking very firm at the moment.

Thursday, October 16, 2014

Stock Picks 17 Oct 14

DBSV
Ascendas Residence Trust - tgt $1.39
China Merchant Holdings - tgt $1.42
M1 - tgt $3.85

UOBKH
Keppel Reit - tgt $1.42
M1 - tgt $4.00
RH Petrogas - tgt $1.00
Asia Pay TV - 13.2% upside
Raffles Medical Holdings - 5.2% upside
IHH Healthcare - .7.1% upside

OCBC
Ascendas Residence Reits - tgt $1.33


Daily Summary 16 Oct 14

Another day of big falls in Europe and Dow. Dow was -400 but managed to close better at 16142, -173.  Dow's trend is down.  Dow's future is now +40.  Europe opened up.

Asian bourses were all down.  Nikkei -335, ShanghaiC -17, Hangseng -239.  STI closed -45 at 3154.  Volume was 1.6b shares.  Gainers were 89 to 430 losers.

Trend of STI is down.

Top volumes were APAC unchanged, IHC -0.5, Mirach -1, GoldenAgri -1, Noble -4, Ezion -13, Genting -3, InnoPac +0.1, ThaiBev unchanged, Charisma -0.1.

Market opened down and went down further. It closed at -38 but fell to -44.5 after matching to close at day low. It was a sea of red. Blue chips were nearly all red with banks taking a hit.  Penny and speculatives were not spared.

European bourses are recovering at the moment and Dow's future is positive. Maybe some technical rebound is on the card tonight.

Wednesday, October 15, 2014

Stock Picks 16 Oct 14

DBSV
Valuetronics - tgt 41c

UOBKH
Mapletree Commercial Trust - 9.8% upside
Ascendas Reit - 6.2%

Daily Summary 15 Oct 14

Europe recovered some grounds last night. Dow was also positive in the first half of trading but slid back to -6 points closing at 16315.  Dow's trend is still down.  Dow's future is now -37.  Europe opened down.

Asian bourses were mostly firmer. Nikkei +137, ShanghaiC +14 and Hangseng +92.  STI closed +4, near its day low at 3199. It hit a day high at 3210.  Volume was 1.6b shares.  Gainers were 159 to 302 losers.

Trend of STI is down.

Top volumes were Vard -13.5, IHC unchanged, Topglobal -0.1, OttoMarine -0.6, APAC -0.1, GoldenAgri -1.5, Charisma -0.2, JES +0.2, BengKuang +0.2, HPHTrust unchanged.

Market opened up and stay up throughout the session with a short period dipping slightly to negative.  Blue chips were slightly firmer. Penny and speculative stocks were mostly down. There are still a lot of weaknesses despite several day's of losses.

Europe is looking down at the moment. Dow's future is also in the negative.

Tuesday, October 14, 2014

Stock Picks 15 Oct 14

OCBC
Singpost - tgt $2.09

Daily Summary 14 Oct 14


Europe were mixed last night but Dow continued to fall, -223 at 16321.  Dow's trend is down. Dow's future is now +36.  Europe opened slightly down.

Asian bourses were generally weaker.  Nikkei -384, ShanghaiC -9, Hangseng -95.  STI closed -3 at 3199.  Volume was 1.5b shares.  Gainers were 169 to 295 losers.

Trend of STI is down.

Top volumes were OLS +0.1, APAC -0.1, IHC unchanged, HPHTrust unchanged, Mirach -0.6, Noble -0.5, Valuetronics -6, ThaiBev -0.5, IPCO unchanged, GoldenAgri +0.5.

Market opened down but turned positive in late morning when Hangseng was up. It turned down again following Hangseng's weakness in the afternoon.  Blue chips were mostly down with banks taking the brunt of the fall. Penny and speculatives were also generally weaker.

European bourses are a bit weak at this moment. Dow's future is positive and pull up for a bit of technical rebound tonight given the falls over the last three days.

Monday, October 13, 2014

Stock Picks 14 Oct 14

UOBKH
Sino Grandness Food - tgt 95c
Triyard Holding - tgt $1.10
SIA - 4.3% upside
Rotary Engine - 13.2% upside

Daily Summary 13 Oct 14

Europe and Dow were down again on Friday.  Dow's trend is down. Dow's future is now -3. Europe opened slightly up.

Asian bourses generally weaker. Nikkei -178, ShanghaiC -9, Hangseng +55. STI closed -22 at 3202.  Volume was 1.5b shares.  Gainers were 99 to 411 losers.

Trend of STI is down.

Top volumes were TopGlobal unchanged, IHC unchanged, APAC +0.1, Blumont -0.1, Mirach unchanged, Noble +1, Genting -0.5, GoldenAgri -0.5, CompactMetal -0.2, Vallianz -0.4.

Market opened slightly down but fell further through the day. It closed off its day low but still -22.  Blue chips were mostly red, so were the rest of the market. It is like the usual October weakness.

Europe is looking up at the moment. Dow's future is marginally down. Would there be a technical rebound tonight?

Sunday, October 12, 2014

Stock Picks 13 Oct 14

DBSV
Capitamall Trust - tgt $2.12
Fraser's Centrepoint Trust - tgt $2.04
Fraser's Commercial Trust $1.42
Cache Logistic $1.37
Mapletree Greater Commercial Trust - tgt $1.04
CDL Hosppitality Trust -tgt $1.08
SembCorp Marine - tgt $4.82
Yoma - tgt - 88c

OCBC
Wheelock $2.38
SembCorp Marine $4.18
Yoma - tgt 82c

Friday, October 10, 2014

Daily Summary 10 Oct 14

Dow and Europe fell sharply again last night. Dow - 335 at 16659.  Short term trend of Dow is down again. Dow's future is now -21.  Europe opened down. The reason for Dow's sharp fall was slowing down in European economies which is really bullshit.

Asian bourses were mostly down.  Nikkei -178, ShanghaiC -15, Hangseng -446.  STI closed -30 at 3230.  Volume was 1.4b shares.  Gainers were 110 to 374 losers.

Trend of STI is down again.

Top volumes were IHC -0.5, Noble -2.5, APAC unchanged, MirachEnergy -0.1, MDR unchanged, GoldenAgri -0.5, Genting -1.5, TopGlobal unchanged, InnoPac -0.2, Xpress unchanged.

STI opened down and stayed down the whole day. It closed at day low.  It was a sea of red. Most blue chips were down.  Penny and speculatives were also mostly down.

Europe opened weak but Dow is looking steady.

Thursday, October 9, 2014

Stock Picks 10 Oct 14

UOBKH
Silverlake Axis - 16.5% upside
ValueMax Group - 12.3% upside
Mapletree Greater China Commercial Trust - 9.2% upside

OCBC
Starhill Global Reit - tgt 90c
Suntec Reit - tgt $1.16
OUE Commericial Reit - tgt 88c

Daily Summary 9 Oct 14

Europe were down but Dow had a strong rebound in the afternoon session. Dow closed +275 at 16994. Dow's short term trend is kicking back up. Dow's future is now +35. Europe opened up.

Asian bourses were mostly up but Nikkei -117. ShanghaiC +7, Hangseng +271. STI closed +33 at 3259. Volume was 1.4b shares. Gainers were 234 to 200 losers.

Short term trend of STI is also starting to turn up.

Top volumes were Mirach +0.6, APAC unchanged, IHC +0.5, Noble +1, EcoWise +0.5, BengKuang unchanged, OLS +0.1, Genting +2.5, ThaiBev unchanged, SingTel +6.

STI gapped up on opening following Dow's rebound. It continued to gain strength to close near day high. Blue chips rebounded. Penny and speculatives were slightly firmer.

Dow's future and Europe are firm at the moment.

Wednesday, October 8, 2014

Stock Picks 9 Oct 14

DBSV
Mapletree $1.53
Ascendas Reit - tgt $2.51
Mapletree Log Trust - tgt $1.25

UOBKH
Semb Marine - 6.1% upside
QT Vascular - 25.9% upside
Wee Hur - 23.3% upside
Hongkong Land - 12.4% upside

Daily Summary 8 Oct 14

Europe and Dow were sharply down last night. Dow -273 to closed at 16719. Dow's short term trend is going down. Dow's future is now -3. Europe opened down.

Asian bourses were mostly down. Nikkei -188, ShanghaiC +19, Hangseng -159. STI -15 at 3229. Volume was 1.4b shares. Gainers were 146 to 282 losers.

Trend of STI is down.

With Europe and Dow all down, STI opened down and stayed down for the whole day though the fall was small. Blue chips were mostly down though. Speculatives and penny stocks were also weaker. Volume was a miserable 1.4b shares.

Europe are down at the moment while Dow's future is flat and may pull back some of yesterday's losses.

Tuesday, October 7, 2014

Stock Picks 8 Oct 14

DBSV
Vard Holding - tgt $1.10
Keppel Corp - tgt $12.60

OCBC
Semb Marine - tgt $4.18

Daily Summary 7 Oct 14

Europe were marginally up yesterday while Dow closed -18 at 16992.  Dow's
short term trend is turning up. Dow's future is -54 at this moment. Europe
opened down.

Asian bourses were mixed.  Nikkei -107, ShanghaiC +6, Hangseng +107.  STI
closed -6 at 3247. Volume was 1.6b shares.  Gainers were 162 to 267 losers.


Trend of STI is slipping down.

Top volumes were CompactMetal +0.2, Xpress +0.1, APAC unchanged, IHC -0.5,
GRP +0.3, Sincap -0.7, Noble unchanged, Memstar -0.1, Genting -1, HPHTrust
unchanged.

Market opened slightly up but turned negative after half an hour of
trading. It then stayed negative at the same level for the rest of the
session. There were more losers than gainers among blue chips. Penny and
speculatives were also weaker.

Europe are looking pretty weak at the moment.  Dow's future is also down.

Monday, October 6, 2014

Stock Picks 7 Oct 14

UOBKH

Genting - tgt $1.32
Kris Energy - 21.7% upside
Triyards - 21% upside
Sembcorp Marine - 7.2% upside
Addvalue Tech - 26.6% upside

Friday, October 3, 2014

Europe fell sharply last night. Dow was also down but recovered from its low to close +4 at 16801.  Dow's trend is down.  Dow's future at the moment is +67.  Europe opened mixed but Dax is down nearly 200 pts.

Asian bourses mostly closed positve. Hangseng rebounded after opening down to close +132.  ShanghaiC +6 and Nikkei +47.  STI closed +26 at 3255.  Volume was a low 1.4b shares.  Gainers were 254 to 185 losers.

Trend of STI is down.

Top volumes were IHC unchanged, Genting +1.5, APAC +0.1, Jaya +0.3, Blumont +0.1, Sitra unchanged, Noble +2.5, Sincap _0.3, Digiland unchanged, Armarda unchanged.

Market opened down but recovered to stay slightly positive in late morning. After lunch it continued to climb higher to close at day high following a rebound in Hangseng.  Blue chips were mostly up. Penny and speculatives were also slightly better.

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

Thursday, October 2, 2014

Stock Picks 3 Oct 14

DBSV
Ascendas Reit - tgt $2.51
China Merchants - tgt $1.32
Venture - tgt $8.80

UOBKH
Triyard - tgt $1.10
Riverstone - 17.5% upside
Forterra Trust - 16.3% upside
Oxley Holding - 22.8% upside
Geo Energy - 27.4% upside

OCBC
Mapletree Greater China Com Trust - 18% upside

Daily Summary 2 Sep 14

Sharp falls in Dow and Europe last night. Dow -238 closing at 16805.  Dow's trend is down and looking bad. Dow's future is now -33.  Europe opened down.

Asian bourses were mostly down. Nikkei -420, Shanghai and Hongkong still closed for holiday.  STI closed -36 at 3229.  Volume was 1.7b shares.  Gainers were 149 to 281 losers.

Trend of STI is down.

Top volumes were TopGlobal +0.1, IHC unchanged, APAC -0.1, MetalComponent +1.1, JES -0.5, Sitra +0.5, Noble -0.5, CompactMetal +0.3, Sincap +0.1, Genting -2.

Market opened down and slided down through the session to close at day low. Blue chips were mostly down. Penny stocks and speculatives too were mostly down. The closure of Hongkong and the uncertainties were not helpful to the market.

Europe is pretty weak at the moment while Dow's future is slightly down.

Wednesday, October 1, 2014

Daily Summary 1 Oct 14

Europe closed mixed last night while Dow was -26 at 17043. Dow's falling trend appears to be levelling at this stage.  Dow's future is now -3.  Europe opened relatively flat.

Asian bourses were mixed. Nikkei -91. Shanghai and Hongkong were closed. STI closed -10 at 3265.  Volume hit another record low of 1.1b shares. Gainers were 193 to 211 losers.

Trend of STI is still slipping down.

Top volumes were Mirach +0.1, APAC +0.1, IC unchanged, Charisma -0.1, ThaiBev -1, Noble -1, ChinaFibretech +0.5, Genting -2.5, Yuuzoo +4, GoldenAgri +1.

Another listless trading session. Market opened slightly down and stayed that way through the whole session. Volume hit another new low for lack of interest in the market.  Blue chips were mostly down. Penny and speculatives were mixed.

Europe and Dow are looking flat at this moment.