Wednesday, May 18, 2016

Daily Summary 18 May 16

European bourses were mixed last night. Dow closed -181 at 17530. Trend of Dow is sideways at the moment with a downside biased. European bourses opened down.

Asian bourses were mostly weaker. Nikkei _8, ShanghaiC -37, Hangseng -292. STI closed -7 at 2774. Volume was 2.4b shares. Gainers were 194 to 234 losers.

Trend of STI still looking up but failing to break the golden crossing.

Top volumes were Magnus +0.1, Cedar +0.1, WE -0.1, Noble -1.5, LionGold unchanged, Ezra -0.1, GlobalLogistic +8.5, RexIntl +0.9, GoldenAgri -1.5, AusGroup -1.9.

STI opened down with Dow's negative but moved up to positive after an hour of trading. It then slipped back down and stayed down for the rest of the session staying down for less than 10 pts. Blue chips were mostly weaker. The general market was also weaker.

Europe and Dow's future at the moment are slightly down.


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