Bursa's Toilet-Face PerformanceAs expected, foreign funds sold into strength;erasing the gains on the counters thus far. The CI gained a miserable 5.48 points to 1289.5 despite the humongous gain on Wall Street. Gainers overtook losers 498 to 290. Volume was 834 million shares worth RM1.2 billion.
Gainers were Bursa topping up 55 sen,Stemlife adding 32 sen, SAAG rising 30 sen and DFZ finally moving up 26 sen. Losers were IOIProp sliding by 30 sen, BAT down 25 sen, KPJ losing 20 sen and Shell falling 20 sen.
The portfolio did not perform well. Genting added 10 sen to RM7.70,Welli upped 2 sen to 97 sen; AMDB and JAKS increased 0.5 sen to 39.5 sen and 83.5 sen respectively. At their overnight levels were Metronic at 16.5 sen;Resorts at RM3.78 and KHSB at 93 sen. Losers included BJ Sports Toto which dropped 4 sen to RM4.96 and RCE which lost 0.5 sen to 84 sen.
I believe the Malaysian stock market will go down gradually by attrition after some yo-yo action. Soon, it will achieve toilet status when the RM40.00 minimal brokerage gets implemented and ride roughshod over the small investors.
Heartsong
Gainers were Bursa topping up 55 sen,Stemlife adding 32 sen, SAAG rising 30 sen and DFZ finally moving up 26 sen. Losers were IOIProp sliding by 30 sen, BAT down 25 sen, KPJ losing 20 sen and Shell falling 20 sen.
The portfolio did not perform well. Genting added 10 sen to RM7.70,Welli upped 2 sen to 97 sen; AMDB and JAKS increased 0.5 sen to 39.5 sen and 83.5 sen respectively. At their overnight levels were Metronic at 16.5 sen;Resorts at RM3.78 and KHSB at 93 sen. Losers included BJ Sports Toto which dropped 4 sen to RM4.96 and RCE which lost 0.5 sen to 84 sen.
I believe the Malaysian stock market will go down gradually by attrition after some yo-yo action. Soon, it will achieve toilet status when the RM40.00 minimal brokerage gets implemented and ride roughshod over the small investors.
Heartsong
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