Song Sung Blue

The Bursa went off without the usual fireworks. It is a blue Monday. To take way your blues, look at sexy Sung and appreciate her beauty.

Now getting back to Bursa, range trading brought he CI down 2.01 points to 1445.03. Gainers wagged losers 491 to 412. Volume was encouraging at 812 million worth a healthy RM1.39 billion. On the winning front, Cepco swung up to take on 80 sen;HSC climbed 30 along with IOIProp while LDaun rose 28 sen. Among losers, Kramat lost 70 sen;Fututec lopped off 29.5 sen; KNM gave up 25 sen and Petgas dissipated 25 sen as well.

The portfolio was in the shadows. Resorts managed a 10 sen gain to RM3.88 while BJ Sports Toto added 5 sen to RM5.05. Elsewhere, Metronic added 0.5 sen to 15.5 sen while KHSB remained unchanged at 91.5 sen.Genting lost 5 sen to RM7.90 and RCE went down a sen to 84 sen. Welli was also unchanged at 57 sen.

Happy New Year!

Heartsong

The Last Day-Lunch Break

Need we hear the fading trumpet call? As the lunch break draws near, the CI was range-bound, slipping 3.65 points to 1443.39. Gainers was overwhelmed by losers at 347 to 391.Value was 403 million shares worth RM567 million.

Heading the gainers was Magna-WA rising 46 sen;SAA6-WA followed with a 28 sen gain;LDaun climbed 27 sen and Stemlife picked up 20 sen. Losers included Fututec slipping 31.5 sen; Asiafile being eroded by 20 along with MSC and UMW.

The portfolio was dull. KHSB upped 1.5 sen to 93 sen, while RCE added a sen to 86 sen but Welli lost 1 sen to 56 sen. BJ Sports Toto was unchanged at RM5.00 along with Metronic at 15 sen. Genting lost 5 sen to RM7.90. Meanwhile Resorts added 10 sen on the news that Resorts shareholders would be entitled to some Genting International shares.

I expect a dull listless afternoon session.

Heartsong

On the Home Stretch of 2007!

Bursa is coming out strong to welcome 2008. It is running as if there is no tomorrow to create new highs every trading day! GLCs are blue chip companies are playing safe sex-window dressing before the year goes off.

Gainers overwhelmed losers almost evenly 416 to 425. Bursa moved up 9.22 points to lift the CI to 1439.42. Volume was at 663 million worth RM1.29 billion.

Among gainers were SAAG WA which shot up 82 sen;SAAG which gained 60 sen;UMW which rose 40 sen and PPB which climbed 30 sen. Losing today were Utd Plant which lost 20 sen and Engkah which slipped 20 sen as well. LDaun went down 15 sen while Digi was marginally off by 10 sen.

The portfolio underperformed. Except for Genting which gained 5 sen to RM7.95; RCE Cap which clinched 0.5 sen to 85 sen and KHSB which added 1.5 sen to 91.5 sen; most were overnighters and losers. Losers were Resorts was unchanged at RM3.78 and BJ Sports Toto was at its overnight spot of RM5.00. Welli and Metronic both back slided 0.5 sen to 57 sen and 15 sen respectively.

I do not expect the portfolio to finish the year in the black. It is muddied with red ink!

Heartsong

Companies are Playing Safe Sex

And like the cartoon above, companies are playing safe sex-window dress before the year goes off!

Gainers were overwhelmed by losers in spite of that! Losers led gainers 491 to 239. CI moved up marginally (1.6 points) to 1439.42. Volume was at 317 million worth RM5648 million.

Among gainers were E&O LA which shot up 46 sen;Kramat and KNM which rose 35 sen and newly listed TASCO which gained 26 sen. Losing today morning were LDaun which lost 17 sen;Allianz which slipped 17 sen while Shell and IJM both lost 10 sen each.

The portfolio underperformed. Except for BJ Sports Toto and KHSB which added 0.5 sen to RM 5.05 and 90.5 sen; most were overnighters and losers. RCE Cap was unchanged at 84.5 sen. Losers were Genting which lost 5 sen to RM7.85; Resorts which slipped 2 sen to RM3.76; Welli which slided 1.5 sen to 56 sen and Metronic which lose 0.5 sen to 15 sen.

Expect range-bound trading in the afternoon. Market could be softer towards the end of trading day.

Heartsong

Rocketman Bursar

Bursa leap up 13.80 points pushing the CI to a new high of 1437.82. Gainers lead losers 478 to 345 on a volume of 839 million shares worth RM1.45 billion.

Among gainers; Digi and Pelikan rose 60 sen while BLand and BLand-LB rose by 35 sen and 40 sen. Yikon lost 25 sen;MISC-CA tanked 20 sen;SAP Int dipped 14.5 sen and SOP-WA slipped 10 sen.

The portfolio showed some strength. Genting was up 15 sen to RM7.90 while Resorts and KHSB both rose 2 sen each to RM3.78 and 90 sen. Metronic was up 0.5 sen to 15.5 sen. Welli was unchanged at 57.5 sen while BJ Sports Toto lost 10 sen to RM5.00

Two more days to raise the ruckus for Bursa before the year ends and RM40.00 goes into commission.

Heartsong

Smashing time on Boxing Day for Window-dressing

Miss Singapore 2007 is no doubt a smasher.

Bursa also had a its share of smashing time today, window dressing on Boxing Day. Random walk window dressing took place which accounts for only a marginal CI increase of 0.78 points to 1424.02. Gainers romped home beating losers 490 to 320 in a very long time. Volume was at 632 million shares worth RM 1,01 billion.

Leaders among gainers were Batu Kawan shaping up well to tack on 40 sen. Also adding 40 sen each are Aeon, Dutch Lady and LCL. Losers saw the likes of Tanjong losing 50 sen along with Digi. MISC sank 30 sen while KFC slipped 20 sen.

The portfolio was wobbly. B J Sports Toto managed a 5 sen increase to RM5.10 while KHSB added 2 sen to 88 sen. Both RCE and Welli were better 0.5 sen at 83.5 sen and 57.5 sen. Genting and Metronic were unchanged at RM7.75 and 15 sen respectively. Resorts World lost 2 sen to RM3.76.

Tomorrow may be a better day for the other counters. As the RM 40 guillotine remains so, CI should fell towards the end of the year.

Heartsong

Thinning Volume

Bursa seems be a on diet as we approach the tail end of 2007. CI lost 4.83 points bringing it down marginally to 1418.46 in the morning session. Gainers was 305 compared by advancing losers at 343. Value was atrociously low at 304 million shares worth RM434 million.

Heading the gainers was Aeon rising 70 sen;LCL and Batu Kawan were next with a gain of 30 sen each and Nestle climbed 25 sen. Losers included MISC dropping 40 sen;Bursa slipping 30 sen while PIE and Petgas were lower by 20 sen each.

The portfolio was dull. KHSB upped 0.5 sen (86.5 sen), along with RCE (83.5 sen) and Welli (57.5 sen). BJ Sports Toto and Metronic were unchanged at RM5.05 and 15 sen accordingly while Resorts World lost 4 sen to RM3.74.

Heartsong

Soaring Like An Eagle

With the yuletide season nipping in the air, CI rose like an eagle finishing 19.68 points to 1423.24. Gainers beat losers 536 to 288. Volume was at 528 million shares valued at RM 987 million.

Digi led the gainers moving up 60 sen;MISC steamed along with a 50 sen gain; Tanjong climbed 40 sen while Landmarks shot up 36 sen. Losers were led by The Store losing 50 sen,DFZ sliding 26 sen;Asiafile dropping 20 sen and IOIProp slipping 20 sen.

The portfolio was okay. Genting rose 25 sen to RM7.75; BJ Sports Toto climbed 10 sen to RM5.15, Resorts World moved up 4 sen to RM3.78 while RCE added 0.5 sen to 83 sen. KHSB added a sen to 86 sen. Disappointingly, Welli dropped 2.5 sen to 57 sen and Metronic turned into stone at 15 sen.

Merry Christmas!

Heartsong

Is the RM40 Brokerage Fee Off?

This is one bug-bear that may affect the market direction next year.

If it is really off, permanently if possible, then there is hope for Bursa.

This week, we can expect across the board window dressing to up the Bursa's CI some more.

Should be a pretty good week if Dow is supportive.

Heartsong

Window Dressing all the way

Jingle bells,jingle bells, jingle all the way,
Oh what fun it is to window dress all the way!
Ho ho ho ho!

And so as we hear the strains of the Christmas carol, the GLCs and the blue-chip stalwarts bumped up the prices of their counters, laughing all the way.

The CI was mat rempit up some 16.35 points to 1403.56 points. Gainers beat losers 472 to 344. Volume was at 636 million shares worth RM1.4 billion.

Among gainers was VADS which zoomed 60 sen. KLK rose 50 sen;The Store added 40 sen and KFC jumped 35 sen. Losers were led by MISC which slipped 50 sen; Equine LA which dropped 31 sen; Zelan which fell 25 sen and Aeon slumping 20 sen.

The portfolio showed luke-warm performance. Resorts rose dramatically by 14 sen to RM3.74 while KHSB added 0.5 sen to 85 sen;Metronic skidded off 0.5 sen to 15 sen and Welli was off by 0.5 sen to 59.5 sen. RCE added a sen to 82.5 sen but Genting weakened by 5 sen to RM7.50. Meanwhile BJ Sports Toto added 5 sen to RM5.05.

We break for the weekend on a high note. We can see more window dressing on Monday if the Dow performs tonight.

Meanwhile start adoring Amelia, Miss World 2003.

Heartsong

Going Up on Window Dressing

Good for Bursa as the GLCs and listed companies start their year-end window dressing activity. Creative price manipulation for record purposes. Also to beautify their profile like Miss Philippines above.

CI zoomed up 11.76 points at the noon close to 1398.97. Losers were ahead of gainers 334 to 270. Volume thinned tremendously to only 284 million shares worth RM592 million.

Among gainers were KLK upping 50 sen;VADS which rose 30 sen,KFC rising 25 sen and Gamuda rolling on to gain 24 sen. Losers were headed by Equine-LA which lost 31 sen;Zelan which took down 15 sen;Aeon Cr which slipped 12 sen and BJLand which slided 10 sen.

The portfolio was so so. Resorts World added 8 sen to RM3.68;BJ sports Toto rose 10 sen to RM5.10 while KHSB and RCE both added 0.5 sen to 85 sen and 82 sen respectively. Genting,Welli and Metronic were unchanged at RM7.55; 60 sen and 15.5 sen.

It should hold steady to a downward bias in the afternoon session.

Heartsong

Barely Up

The afternoon was certainly a drag. The CI was unwieldy and rose 1.76 points to 1387.21. Gainers lost to losers 349 to 410. Volume collapsed to 642 million shares, indicating the exit of day traders and speculators. Values was alright at RM1.41 billion, indicating blue chip trading.

Gainers were bellwether Bursa which rose 50 sen on fresh buying interest;UMW rolling along to gain 30 sen;VADS climbing 25 sen and Pharma moving up 24 sen. DFZ led the losers closing down 30 sen;IJM also tumbled 20 sen while RBLand lost 16 sen and BJ Sports Toto declined 15 sen.

The portfolio was in the worst doldrums in a long, long time. BJ Sports Toto declined 15 sen to RM5.00. while Genting lost 5 sen to RM7.55. Resorts declined 6 sen to RM3.60 while RCE was off 1.5 sen to 81.5 sen. KHSB went down as well by a sen to 84.5 sen. Metronic was unchanged at 15.5 sen.Elsewhere,Welli lost 0.5 sen to 60 sen.

Dow should be in marginal territory tonight.While waiting for the Dow, let us appreciate the charms of Miss Malaysia 2007.

Heartsong

Shrinking Volume

The writing is on the wall. Volume has shrunk and value is dipping. Not good signs.

The morning session elevated the CI by 7.1 points to 1392.53. Gainers was overtaken by losers 278 to 331. Volume was 274 million shares worth RM492 million. Bad signs that we are going to see the ice bears of the Golden Compass very soon!

No random walk for window dressing as well even though Santa is on his way.Has the Grinch stole Bursa's joy this year?

Among gainers were IOIProp moving up 30 sen. VADS glided up 25 sen while Commerz and Petgas both climbed 20 sen. Losers included MetalR dropping 30 sen; DFZ sinking 26 sen;The Store losing 18 sen and RBLand collapsing 17 sen.

The portfolio was disgusting by any standards. Genting managed a 5 sen increase to RM7.65 while others were overnighters or losers. The overnighters included BJ Sports Toto which stood at RM5.15; Metronic at 15.5 sen and Resorts World at RM3.66. KHSB and RCE were off by 0.5 sen to 85 sen and 82.5 sen while Welli got sick and fell 4.5 sen to 60.5 sen.

Looks like the afternoon will be dullsville!

So let us just appreciate the charms of Miss USA while we wait for the session to open up.

Heartsong

Some Recovery

It was better in the afternoon. Bargain hunters push prices higher and Aeon Credit started flying again. The CI improved and closed with a minimal loss of 6.16 points to 1385.45. Gainers lost to losers 319 to 440.Volume was at 779 million shares worth Rm1.61 billion.

Among gainers, Parkson added45 sen, Aeon Cr flew up 42 sen;MISC floated up 30 sen and Tanjong shot up 30 sen as well. Losers included Digi which slided 50 sen and IOIProp which slipped 50 sen as well. Petgas slipped 30 sen and Bursa tanked 30 sen.

The portfolio was dull. Berjaya Sports Toto added 10 sen to RM5.15, Metronic added 0.5 sen to 15.5 sen.RCE lost 0.5 sen to 82.5 sen while Resorts fell 4 sen to RM3.68. Genting was at its overnight level of RM7.65 while Welli fell 3.5 sen to 63 sen. KHSB meanwhile, was unchanged at 85.5 sen

The Dow should be okay tonight.

Heartsong

Letih-Bursa is Tired as the Year Ends

A picture tells a million words.

Look at the picture above and tell me:

How many of these Chinese looks tired?

How many are twins?

Who is the teacher?

You can't tell, can you?

But you can tell when Bursa is sleepy and tired. Case in point. Today. At the rate is is going-it will be siesta time until New Year's Day 2008.

The CI is still in decline. At the noon close, it lost 5.47 points to 1386.14. Gainers lost to losers 171 to 475. Volume was 417 million shares worth RM721 million.

Among gainers were MetalR which bounced up 30 sen;Shell which rose 30 sen as well;Orient which galloped on to get a 20 sen gain and Tanjong which leaped 20 sen too. Losers were led by BJLand-LB which slided 30 sen; IOIProp which collapsed and lost 30 sen too;Gamuda which skidded off 22 sen and Bursa which tanked 20 sen.

The portfolio was okay with BJ Sports Toto leading the way up 15 sen to RM5.20; Resorts did badly losing 6 sen to RM3.66. Genting hardly performed losing 5 sen to RM7.60; Metronic rose 0.5 sen to 15.5 sen while RCE was down by 0.5 sen to 82.5 sen.Elsewhere, Welli lose 3.5 sen to 65 sen while KHSB was unchanged at 85.5 sen.

The afternoon session will follow the same heartbeat as the morning session.

Heartsong

Bursa Turns Turtle

Its almost the year-end and most fund managers are in yuletide spirit. Dow will go down and world markets will sway samba style-from side to side.

CI fell 12.86 points today to 1390.55. Gainers were beaten by losers 193 to 665. Volume was fair at 719 million shares worth RM1.411 billion. Among gainers Kramat rose 65 sen, Utd Plantations climbed 20 sen,Welli glided up 14 sen and Petgas upped 10 sen. Losers were AeonCr which finally came down hard with a 58 sen loss. BAT crashed 50 sen, IOIProp came down similarly by 50 sen and Digi was off 40 sen.

Except for Welli which upped 14 sen, the portfolio was hardly creditable. Genting lost big time by 30 sen to RM7.65, BJ Sports Toto was off by 5 sen to RM5.50, KHSB dropped a sen to 85.5 sen while Resorts was unchanged at RM3.72. Metronic was also at the overnight level of 15 sen.

Dow may not be good tonight.

Heartsong

Bursa Goes Zombie!

So the year is ending and bursa will be sloping south,the way it is going these days. The afternoon session was hardly a mirror of the morning. It is even worse. Unless magic happens in the final minutes and not shit. The great Aeon Credit showed Japanese might at equities-the one last hero of bursa for the year.

The CI fell some 13.16 points to 1410.56. Gainers were walloped by losers 276 to 541. Volume was 729 million shares worth RM1.53 billion. Market signals are still intact.

Among gainers were definitely Aeon Credit which garnered a gain of 52 sen; AnJoo-WR which scored 30 sen;TAHPS which rose 20 sen and Gamuda which sprung up 14 sen. Chief among losers were good ole Bursa committing suicide by losing RM1.10 sen, Parkson which took a haircut of 45 sen, KFC which lost an aromatic dollop of 35 sen and IOIProp which subsided 30 sen.

The portfolio followed the general mood-no go and no good. Genting was down 5 sen to RM7.85 but Resorts was better 6 sen to RM3.76. KHSB added 0.5 sen to 86.5 but RCE fell by a sen to 84 sen. Metronic was standstill at 15.5 sen. BJ Sports Toto, in spite of heavy buying, closed at its overnight level of RM5.20. Welli was off by 0.5 sen to 55 sen.

We may not have a favourable Dow tonight.

Heartsong

Still Going Under

The morning session was certainly dull except for Aeon Credit which spurted up again by 54 sen against the currents. The CI closed 6 points down at 1417.84. Gainers were overtaken by losers 225 to 428. Volume was a miserable 311 million shares worth RM630 million. This is indicative that big blues are not being played and the likelihood is volume is spurred by Aeon Credit.

among gainers was Aeon Credit which catapulted up 54 sen; Anjoo-WR which notched up 30 sen,Asiatic which topped up 20 sen and KNM which rose 15 sen. Losers saw the likes of Bursa losing 50 sen; DFZ dropping 48 sen; Far East slipping 30 sen and Asiafile tanking 20 sen.

The portfolio was mediocre with morning gains being trimmed. Genting was at its overnight level of RM7.90 while BJ Sports Toto rose 10 sen to RM5.30. Metronic was 0.5 sen better at 16 sen while KHSB and Welli were down a sen each to 85 sen and 54.5 sen each. RCE was off by 0.5 sen to 84.5 sen while Resorts rose 6 to RM3.76.

I believe the afternoon will mirror the morning session.

Heartsong

Bearish Once More

Bursa turned bearish losing 10.44 points bring the CI lower to 1423.72. Losers overwhelmed gainers 574 to 234. Volume was down to 671 million in spite of new Aeon Credit shares being traded today. Value was alright at RM1.51 billion.

Gainers were led by shooting star Aeon Credit which rose 84 sen;Dutch Lady which ascended 60 sen, BJLand which gained 45 sen and Far East which notched up 30 sen. Losers were led by falling star Bursa giving up 70 sen,Kramat descending 65 sen;KNM off-loading 30 sen and BHIC tanking 25 sen.

Portfolio perked up in the afternoon with renewed buying interest in Genting. It rose 15 sen to RM7.90. BJ Sports Toto and Welli were unchanged at RM5.20 and 55.5 sen while Metronic fell 0.5 sen to 15.5 sen and KHSB dropped 2.5 sen to 86 sen. Resorts World also slipped 4 sen to RM3.70.

Let us see how the Dow perform tonight. Likely a small plus in the positive way.

Heartsong

Bursa slips in the morning session

Except for the Aeon magic, the Bursa slipped. CI was down 14.03 points to 1420.13. Losers outstripped gainers 593 to 116. Volume was at a real worrying low at 330 million shares worth 657 million ringgits.

Gainers were obviously Aeon Credit which rose 74 sen, Jobs and BJLand which glided up 25 sen each and Panamy which rose 20 sen. Losers included dropping 50 sen,NestleBursa sliding 40 sen and Petgas and Pantech dipping 30 sen each.

Portfolio was dull. Genting was unchanged at RM 7.75 while all others slided. BJ Sports Toto was knocked down 5 sen to RM5.15; KHSB dropped 2.5 sen to 86 sen; Resorts World gave in 2 sen to RM3.72 while Metronics and RCE lost 0.5 sen each to 15.5 sen and 85.5 sen each. Welli went down a sen to 54.5 sen.

I expect the afternoon session to go sideways.

Heartsong

AEON Credit- A Rising Star

Yes, they were all waiting for the listing of Aeon Credit. According to OSK, it will open at RM10.00. Others were equally bullish saying RM5.00 is a steal.

Well, truth be told, it opened at RM3.06, slided to RM2.98 and then streamed across the pricecape to RM3.27 for a 74 sen gain.

Good start for this IPO, compared to those before it which sunk below IPO prices.

The successful applicants of Aeon must be laughing all the way to the bank!

Heartsong

Inherently Strong Performance

Bursa steamed along in the afternoon session upping the CI 9.03 points to 1434.16. Gainers about even losers 383 to 394. Volume was 739 million shares worth RM1.45 billion.

Gainers included TM rising 50 sen;Pantech upping 26 sen;TaAnn climbing 25 sen and SimeDarby ascending 20 sen. The losers were led by BAT and Nestle both slumping 75 sen; Equine-LA collapsing 67 sen and DFZ-PC dropping 44 sen.

Portfolio was so much better. Genting rose 15 sen to RM7.75, BJ Sports Toto adding 10 sen to RM5.20;Resorts World climbing 4 sen to RM3.74 while KHSB also move up a sen to 88.5 sen. Metronic stay put at 16 sen along with RCE at 86 sen. Welli dropped 2 sen to 55.5 sen.

Tomorrow's performance will be influenced by tonight's Dow and the expected Fed cut.

Heartsong

Dull Bursar

Morning session was dull with the CI moving into positive territory by the noon close. The CI was at 1427.65 up 2.52 points. Losers outnumbered gainers 394 to 241. Volume traded was 358 million shares worth 571 million ringgits.

Gainers were Digi rising 30 sen along with TM. Maybank and Aeon also moved up by 20 sen each. BAT lost 75 sen and Equine-LA slided 67 sen. Cepco went down by 28 sen while SPSetia skidded off 20 sen.

Portfolio was fair. Genting added 5 sen to RM7.65 while Resorts moved up 4 sen to RM3.74. Elsewhere, RCE and KHSB added 0.5 sen to 86.5 sen and 88 sen accordingly. BJ Sports Toto and Metronic were at their overnight levels of RM5.10 and 16 sen but Welli went down a sen to 56.5 sen.

I expect a range-bound afternoon.

Heartsong

Fantastic Bursa!

A potential foreign purchase of some 10% of its shares at a speculative price of RM20 pushed the Bursa counter way up high. It added RM1.30. Overall CI was down by 8.91 points leveling the CI to 1425.13. Losers knocked off gainers 523 to 246. Volume was just above the 0.5 billion line(579 million shares) worth RM1.33 billion.

BAT flew high to tack on RM1.50 while Bursa added RM1.30. IOIProp moved up 30 sen while Nestle glided up 25 sen. Leading the losers were IOICorp which lost 40 sen; Quality which slid 35 sen; MMCCorp slumped 35 sen while Maybank tanked 30 sen.

The portfolio was completely paralysed. If not for the 5 sen gain of BJ Sports Toto to RM5.10 and the 0.5 sen gain of Welli to 57.5 sen, it would have drowned. Metronic was sleeping at its overnight level of 16 sen while all the rest collapsed like sink-holes. Resorts lost 4 sen to RM3.70 while KHSB skidded and fell 3.5 sen to 87.5 sen. Similarly, RCE went south losing 2 sen to 86 sen.Genting lost 5 sen to RM7.60

Looks like there is no strength in Bursa. The Sime juggernaut had been stopped in its tracks!

The Dow tonight will tell whether Bursa will go up or sideways.

Heartsong

Bear Sightings

Yes, bears are at play now that Sime Darby is hibernating. The CI slipped quite a serious 8.15 points to 1425.89.

Losers wagged gainers 425 to 184 and volume shrunk horribly to 258 million shares worth 521 million ringgits. Very bad sign as this is the men that the bear is near. Among gainers were BAT with a 50 sen gain;MISC rising 25 sen while and Dutch LadyIOIProp increased 20 each. Losers were beverage maker Nestle down 25 sen along with IOICorp and Goldis. Maybank lost 20 sen.

Portfolio performed sub-par. Except for BJ Sports Toto which added 5 sen to RM5.10, the others were mostly down. Genting and Metronic were at their overnight levels of RM7.65 and 16 sen while KHSB gave up 2.5 sen to 85.5 sen. Resorts lost 2 sen to RM3.72 while RCE and Welli dropped a sen each to 87 sen and 56 sen.

Afternoon does not look good.

Heartsong

Bursar Slows Down a Wee Bit.

So the Friday blues set in for Bursa. After bumping up and flying the blue chips to ISS, it dropped down and suffered the blues. CI went down 6.35 points to 1434.04 - Bursa is still one tough nut! Gainers were trounced by losers 285 to 554. Number of shares traded was back to normal at 843 million-pre-Sime Darby re-listing level. Value is still good at RM1.72 billion.

Among gainers, Parkson score a gain of 35 sen;IOICorp and Quality rose 30 sen and Hexagon added 25 sen. Losers were weighed down by Nestle which lost RM5.75 while BAT and KLK tanked 50 sen each. YTL dropped 25 sen.

Portfolio was laid-back. Resorts World added 2 sen to RM3.74 while the others did not perform or suffered losses. Genting and Welli were at their overnight levels of RM7.65 and 57 sen. BJ Sports Toto tanked 10 sen to RM5.50 while KHSB shed 2 sen to 91 sen. Meanwhile Metronic and RCE move down 0.5 sen each to to 16 sen and 88 sen.

A rough day for the second liners and speculative penny stocks.

Unless the Dow do another feat tonight, I expect the Bursa to go sideways next week.

Heartsong

Spicing up the Market

The Dow is most resilient, for four days it was up and up. This is good for Bursa as Dow has moved 175 points. A positive Dow on a Friday will neutralise wanton profit taking.

The bursa has similarly been up since Monday on the day Sime Darby re-listed. Government linked GLCs and funds have been pushing up the market to new highs very day.

So what is the possibility of the second liners and speculative penny stocks gaining today as most kaputed in the afternoon yesterday?

Like the joys in the reunion of the Spice Girls above, we hope there is a windfall of ang pows for punters on Bursa today!

Heartsong

New High for Bursa Again!

The gomen did it again! Pushed the CI to a new high of 1440.39; adding another 12.62 points. Gainers left losers behind 451 to 355. Volume was good at 1.08 million shares worth a credible RM1.97 billion.

Nestle shot up to the galaxy adding RM6.50;SPSetia added 35 sen with YTL and Bursa adding 30 sen each. Losers were led by Digi, losing 75 sen;BHIC and BAT sliding 25 sen. Meanwhile, LDaun toppled 21 sen.

The portfolio was hardly performing. Except for BJ Sports Toto which glided up 10 sen to RM5.15, the rest were non-performers. Metronic was rooting still at 16.5 sen while KHSB slipped 1.5 sen. RCE lost 2.5 sen to 88.5 sen. Welli added 0.5 sen to 57 sen and Resorts slumped 4 sen to 3.72. Genting was off 5 sen to RM7.65.

A good day for the GLCs but for all others, it was a dull trading day.

Heartsong

Heave Ho! GLCs are Marching!

Another jack (jerk) off by GLCs and we are in CI nirvana! The CI was mat rempit again by some 14.96 points to 1442.73, a new high yet again. Viva AAB! Elections fever is on, my friends. But alas! Only choice blue chips went up- the government kind. Some second liners and speculative stocks which galloped are unfortunately back in stable. Only risks and exposure- no gains. Kala woleh!

Gainers overtook losers 436 to 302. Volume is good at 662 million worth some RM994 million. Bull run is intact!

Among gainers,KLK rose 40 sen along with Bursa. SPSetia and YTL both increased 35 sen each. Losing huge was Digi collapsing RM1.05; Nestle tanking 25 sen while Ann Joo and KNM slipped 20 sen each.

The portfolio was fair. Genting edged up 10 sen to RM7.80 while the others were at their overnights or down. Resorts World was steady at RM3.76;Metronic at 16.5 sen;KHSB at 94.5 sen and BJ Sports Toto at RM5.05. Both Welli and RCE lost 0.5 sen to 56 sen and 90.5 sen.

I expect the CI to slide in the afternoon but end in positive territory.

Heartsong