Friday, July 1, 2016

Daily Summary 1 Jul 16

European bourses and Dow continued their third session of gains. Dow closed +235 at 17930. Short term trend of Dow is turning up. European bourses are up on opening.

Asian bourses were mostly up. Nikkei +106, ShanghaiC +3, Hangseng +358. STI closed flat at 2842. Volume was 1.3b shares. Gainers were 195 to 193 losers.

Short term trend of STI is still looking up.

Top volumes were LionGold -0.1, IPCO unchanged, MDevelopment +0.1, Noble +0.4, Magnus unchanged, Ezion -4.5, Ausgroup -0.1, Ezra -0.1, SingTel +1, CNMC +2.5.

STI opened slightly up and then slipped to stay flat for the rest of the session in the afternoon. Blue chips were slightly firmer while the general market was mixed.

European bourses are still up at this moment while Dow's future is slightly. After 3 days of big gains, there might be some profit taking to close for the weekend.


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