Tuesday, August 11, 2015

Daily Summary 11 Aug 15

Europe and Dow were up last night. Dow closed +242 at 17615. Short term downtrend of Dow has reversed. Dow's future is now -54. Europe opened down.

Asian bourses were mostly down. Nikkei -88, shangahiC +6, Hangseng -23. STI closed -42 at 3153. Volume was 2.2b shares. Gainers were 166 to 317 losers.

Trend of STI is slipping down.

Top volumes were Noble -1, Stratech +1.2, NewSilkroutes -0.1, GoldenAgri -2.5, BengKuang +0.3, KLW +0.2, GlobalLogistic -2, Jason +3.5, AscendasReit -11, IHC -0.5.

STI opened positive after last night's gain in Dow but started to fall after half an hour of trading. It continued its fall to close near day low. Blue chips were weaker and they was big selling of bank stocks. The general market was also weaker with gainer loser ratio at 1:2.

European bourses still negative and Dow's future is down at the moment.


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