Friday, July 31, 2015

Daily Summary 31 Jul 15

Europe closed slightly up last night while Dow -5 at 17746. Short term trend of Dow is still up. Dow's future at this moment is +8. European bourses opened mixed.

Asian bourses closed mixed. Nikkei +62, ShanghaiC -42, Hangseng +138. STI closed -47 at 3205. Volume was 2b shares. Gainers were 141 against 341 losers.

Trend of STI is down.

Top volumes were Noble -6.5, Global Logistic -20, Vallianz -0.5, HPHTrust +0.5, GoldenAgri -0.5, IHC +0.5, Ezra -0.5, SingTel -2, Genting -1.

STI opened down and fell further but closed off its day low. It was the last day of the month and there was some expectation of a window dressing but the whole market was sold down instead even for stocks with good results. Blue chips were mostly down. The general market saw losers more than gainers by 2 to 1.

Europe is turning positive at this moment. Dow's future is slightly up.


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