Tuesday, December 16, 2014

Daily Summary 16 Dec 14

Europe and Dow were sharply down last night.  Dow -100 closing at 17181.  Dow's trend is down.  Dow's future is now +7.  Europe opened sharply down.  

Asian bourses were sharply down as well but ShanghaiC bucked the trend closing +68.  Nikkei - 344, Hangseng -357.  STI closed -79 at 3216.  Volume was 1.3b shares.  Gainers were 107 to 337 losers.

Trend of STI is down.

Top volumes were IHC unchanged,  SIIC -0.1, GSH +0.3, Mirach  unchanged, Genting -4.5, LottVision -0.2, SingTel -10, Noble -5, GlobalLogistics -2, GoldenAgri -1.

Market opened down and fell further through the day.  It closed at day low at 3216.   Blue chips were mostly in the red.  Banks recent run up is seeing profit taking and selling down. Penny and speculatives too were seeing more losers.

Europe is looking quite weak at the moment while Dow's future is slightly positive.

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