Monday, June 20, 2016

Daily Summary 20 Jun 16

Europe closed up on Friday but Dow ended -58 at 17675. Dow's is rather mixed at the moment though short term trend is looking down. European bourses opened strong up.

Asian bourses were mostly up. Nikkei +366, ShanghaiC +3, Hangseng +340. STI closed +38 at 2801. Volume was 1.1b shares. Gainers were 256 to 141 losers.

Short term trend of STI is turning up.

Top volumes were Ezra +0.2, Noble -1.5, Annica unchanged, HPHTrust unchanged, AusGroup +0.3, RexIntl +0.3, SingTel +6, GoldenAgri +2, Vard +0.8, Spackman +0.3.

STI opened up and continued to rise through the session given the fear of Brexit subsiding. It gained more grounds in late afternoon with Europe opened firmly up. Blue chips were mostly up with banks leading the charge. The general market was firmer.

Europe and Dow's future at the moment are mostly up.


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