Thursday, December 11, 2014

Daily Summary 11 Dec 14

European bourses were mixed while Dow -268 to close 17533.  Trend of Dow is down.  Dow's future is now +55.  European bourses opened up.

Asian bourses mostly down.  Nikkei - 155, ShanghaiC -13, Hangseng -212.  STI closed -5 at 3320.  Volume was 1.3b shares.  Gainers were 152 to 229 losers.

Trend of STI is flat.

Top volumes were IHC unchanged, Mirach +0.6, Elektromotive +0.1, BengKuang +0.1, GoldenAgri unchanged, SIIC -0.1,  APAC unchanged, HPHTrust unchanged, SingTel +5, Yuuzoo +0.5.

Market was trading sideways in a small range for the whole day. It was briefly up a little but drifted down to close -5.  Blue chips were weaker. Penny and speculatives were mixed.

Europe and Dow look like going to recoup some of the losses last night at this moment.

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