Wednesday, August 10, 2016

Daily Summary 10 Aug 16

European bourses were firmly up last night. Dow closed +4 at 18533. Trend of Dow is still showing a trend reversal. European bourses opened slightly down.

Asian bourses closed flat and mixed. Nikkei -30, ShanghaiC -6, Hangseng +27. STI closed +5 at 2876. Volume was 1.5b. Gainers were 191 to 234 losers.

Trend of STI is still trying to turn up.

Top volumes were Noble -0.6, Vallianz -0.2, SingMedical unchanged, Charisma -0.1, SingTel unchanged, ThaiBev -1, ResourcesPrima +0.3, Ezra -0.2, Ezion -2

STI opened up and moved higher before losing ground after lunch. It turned negative, moved back to positive for a short moment only to fall back and closed near day low. Blue chips were slighlty firmer but the general market was slightly weaker.

European bourses are slghtly down at this moment while Dow's future marginally up.


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