Thursday, May 18, 2017

Daily Summary 18 May 17

European bourses fell sharply last night while Dow crashed 373 to close at 20607 due to the Trump crisis. Trend of Dow has taken a sharp turn south. Dow's future at this moment is +2. European bourses opened down. 

Asian bourses were mostly down. Nikkei -261, ShanghaiC -14, Hangseng -157. STI closed -1 at 3223. Volume was 1.8b shares. Gainers were 152 to 243 losers. 

Trend of STI is sliding down. 

Top volumes were Noble -1.5, MoyaAsia +0.3, IPCO unchanged, Addvalue -0.2, Yuuzoo -0.2, Chasen -0.2, SingTel +1, DISA -0.1, Jadason -0.1, GoldenAgr unchanged. 

STI gapped down on opening but quickly pulled back the losses to stay slightly down for most part of the session. It tried to turn positive in the last half hour and managed to close flat at -1. 

Blue chips were mixed but the general market was weaker. 

European bourses opened down and is still down at this moment. Dow's future is flat at the moment. 


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