Monday, November 17, 2014

Daily Summary 17 Nov 14

Europe were marginally up on Friday.  Dow closed -18 at 17635.  Trend of Dow is still up but slacking a bit.  Dow's future is now -28.  European bourses opened mixed.

Asian bourses were mostly down. Nikkei -517, ShanghaiC -4, Hangseng -290.  STI closed -28 at 3288.  Volume was 1.5b shares.  Gainers were 153 to 352 losers.

Trend of STI is turning down.

Top volumes were ThaiBev -4.5, Memstar -0.1, GoldenAgri -1, IHC -0.5, Genting unchanged, SIIC -0.5, Ezion -5.5, Charisma -0.2, SingTel -4, JES -0.2.

Market opened marginally down but fell further when regional bourses fell sharply. STI closed at day low.  Blue chips were mostly weaker.  Penny and speculatives were mostly in the red.

The recent uptrend is looking at reversing.

Europe and Dow are looking a bit weak at the moment.

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