Monday, February 29, 2016

Daily Summary 29 Feb 16

European bourses closed up on Friday but Dow was -57 at 16640. Dow's trend is still up. Dow's future is now -80. European bourses opened down.

Asian bourses were mostly down. Nikkei closed -162, ShanghaiC -79, Hangseng -252. STI closed +12 at 2662. Volume was 1.6b shares. Gainers were 200 to 210 losers.

Trend of STI is flattening with a little more to the upside.

Top volumes were Ezra +0.3, Spackman -0.9, MDR +0.1, Stratech -0.2, TechOil +3, RexIntl +0.2, HPHTrust +3, Noble -1, GoldenAgri -0.5, CharismaEnergy +0.2.

STI opened up but went into a yoyo swing, to negative, positive, negative and back to positive in the last hour of trading. Blue chips were firmer in the morning and ended up steady. The general market was slightly weaker.

Europe and Dow's future are still in the negative at this moment.


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