Thursday, January 7, 2016

Daily Summary 7 Dec 16


Europe and Dow fell sharply last night. Dow closed -252 at 16907. Trend of Dow is down. Dow's future is now -354. Europe opened sharply down.

Asian bourses tumbled again with the attack on China continued. ShanghaiC was limit down and halted again. Nikkei -73, Hangseng -647. STI closed -74 at 2730. Volume was 1.6b shares. Gainers were 93 to 400 losers.

Trend of STI is down.

Top volumes were Noble -3.5, SingTel -7, Genting -2.5, Ezra -0.5, Spackman -0.3, TigerAir unchanged, GeoEnergy unchanged, GoldenAgri -1.5, NOL unchanged, HPHTrust -2.

STI opened marginally down but fell quickly when China was limit down and halted again. The sell down continued through the day and STI closed at day low. Blue chips were mostly all in the red. Market was a sea of red with loser gainer at 5:1.

Europe and Dow's future at the moment are sharply down and likely to close down.

No comments:

Post a Comment