ASI Today - 19.10.2017

Turnover was over a Billion at 1070 M. That was significant as 725M were from the normal board, whilst 345M came from Crossings. JKH, NDB,SAMP and LLUB saw 553M worth of Turnover, making the bulk of the contribution. A special attention was given to TESS today with more than 7.5M shares trading among 412 trades. LLUB was the highest Traded with 500+ transactions, and 91M in T/O.

Overall the Market wasn't that active, but saw traders going about accumulating many Stocks in Plantations, Finance and Manufacturing sectors. Nothing out of the ordinary was witnessed except in TESS. Better watch that out as the volume traded was significant to ignore.

ASI has now come back to the 50% Fib retracement area that I plot at 6555 points. That is a critical support level. However it will be interesting to see whether it will hold above 61.8% fib ret at 6508 points.
There is no sign of a momentum build up yet in the ASI, which is closely watched.