ON TO HAPPENSTANCE!

Someone asked me if it is a self imposed condition for your blogs to be limited to 200 postings. Affirmatively I replied that it was more for management purposes than a personal self-imposed condition.
As this is the last posting on this blog, the next entry will be on

happenstance0203@blogspot.com.

So do drop over to the new blog if you are an avid follower of my views on the local bourse-its up and downs, the exhiration and the dejections! The hurrahs! the phews! and the urghs!

Happy trading on the bourse!

Heartsong

Ronggeng at Bursar

Responding to the 207 points rise on Wall Street, Bursa came out in style adding 9 points to the CI. A quick glance at the board and one notices easily a random walk in operation. Stocks, mostly blue chips, which fell a day or two ago recovered ground. So it is actually going back and forth and then back to square one for these blue chips which made up the 9 point rise on the CI. Talk about rigging! Sheesh!

Chinese New Year is fast approaching and the pre-election talk is supposed to heat up the CI barometer. Will be market moved up so that money is to be made or are the GLCs, as usual, doing their ronggeng under the threat of a whip?

Heartsong

Slight Bounce!

So there was some follow-up in the afternoon session. Possibly GLCs on instructions to lift the CI. The market improved 9.17 points to 1393.25 on a volume of 806 million shares worth a value of RM1.93 billion. Gainers were slightly ahead of losers 399 to 361.

Nestle heads the gainers picking up 50 sen. LCL pushed ahead to take 45 sen,The Store climbed up 44 sen and Pelikan rose 36 sen. The losers were BKawan tumbling 40 sen;IJM dropping 30 sen;MetalR falling 28 sen and CYL slipping 23 sen.

The portfolio was so-so. Resorts World tacked on14 sen to RM3.90,Genting improved 5 sen to RM7.30 while BJ Sports Toto was better 5 sen at RM5.20. KHSB dropped a sen to 82 sen while RCE was off 0.5 sen to 78 sen. Welli went down by 0.5 sen to 56 sen while Metronic was unchanged at 13.5 sen.

A good Dow tonight can make Bursa shine tomorrow.

Heartsong

Bursa in Fatigue!

Try as it may, try as it might, the Dow rules and Bursa kowtows. At the lunch close, CI managed a feeble up-tick of 1.79 points moving up to 1385.87. Gainers were outran by losers 188 to 369. Volume were real low at 362 million shares worth some RM788 million. Some GLC action but insufficient to do the CI any real good.

Sime put on 20 sen along with PBBank and Biport while F&N was 15 sen better. BKawan lost 40 sen and IJM slid 30 sen. Elsewhere, MPI decreased 25 sen and Commerz lost 20 sen.

The portfolio was mixed with a losing bias. Genting added 5 sen to RM7.30 and Resorts World improved 8 sen to RM3.84. Metronic and KHSB were unchanged at 13 sen and 83 sen but BJ Sports Toto weakened by 5 sen to RM5.10. RCE lost a sen to 77.5 sen and Welli started scuba again losing 2.5 sen to 54 sen.

Could be another dull afternoon watching paint drying and grass growing. Watching the two birds is more fun!

Heartsong

Silly Pussy-footing at Bursar

As Asian markets zoomed south, Bursa pussy footed and lost a marginal 4.42 points thanks to GLCs taking position to prop up the CI. The CI ended at 1384.08 with gainers losing to losers 243 to 548. Volume was small at 781 million shares worth RM1.83 billion shares;denoting blue chip purchases.

DFZ-PC shot up to gain 72 sen with Digi adding 50 sen and BKawan improving 40 sen. PPerdana moved up 38 sen. Nestle lost 50 sen while Tanjong slipped and gave up 40 sen along with Bursa. LDaun descended 38 sen.

The portfolio was dull. Welli added 2 sen to 56.5 sen and Metronic improved 0.5 sen to 13.5 sen. Remaining unchanged were BJ Sports Toto at RM5.15 and RCE at 78.5 sen. Genting lost big time,slipping 25 sne to RM7.20 and Resorts World was off 6sen at RM3.76. KHSB lost 2 sen to 83 sen.

Quite a sorry sight at Bursa this day.

Heartsong

Follow Up Poser on Bursa

Market started and Bursa chalked some early progress adding 9 points to the CI. By noon, it has stumbled, losing 1.07 points to 1387.43. Losers gleefully gloat at gainers 421 to 204. Volume was not too good at 379 million shares worth RM 847 million.

Digi led the gainers, putting o n50 sen;Loh and Loh improved 38 sen while IOIProp and Dutch Lady both added 30 sen each. Nestle led the losers falling 50 sen. Bursa and UMW succumbed to a loss of 30 sen each while Tanjong slipped 20 sen.

Portfolio was mostly negative. BJ Sports Toto, Metronic and RCE remained unchanged at RM5.15,13 sen and 78.5 sen. Genting tumbled 15 sen to RM7.35, Resorts slipped 2 sen to RM3.80. KHSB slided 2.5 sen to 82.5 sen.Welli was off 0.5 sen to 54 sen.

Heartsong

Bursa the Reluctant Apologist!

With only a miserable rebound of 7.96 points on the CI to 1388.50, Bursa is but a lame duck apologist. some semi-blues did rebound quite convincingly but generally it was a half-hearted response to a better Dow. Gainers rushed past losers 463 to 301 on a volume of 787 million shares worth some RM1.45 billion.

Unheard of counters such as Hexagon hog the limelight with an upshot of 83 sen. Kramat was in second place improving 75 sen while Digi added 60 sen. T Ocean was better by 53 sen. The losers were IOIProp and Sime Darby,both losing 30 sen each. Asiafile dropped 28 sen while BJLand was off by 25 sen.

The portfolio was very much better. Genting improved 15 sen to RM7.50 while Resorts World jumped 20 sen to RM3.82 Elsewhere, BJ Sports Toto added 5 sen to RM5.15 and KHSB was better by 1.5 sen at 85 sen. RCE improved 0.5 sen to 78.5 sen but both Metronic and Welli succumbed to selling pressure to end 0.5 sen and 1.5 sen to 13 sen and 54.5 sen.

If the Dow moves up tonight because of a rate cut, Bursa should improve tomorrow.

Heartsong