Tuesday, September 4, 2007

If Only We can Be This Cheery

We can't say we are with the way Bursa did not perform. It was like a wretched creature desperately looking for air. What a dump of a bourse. Could not hold its beer, as the saying goes and went down in the afternoon. Bloody weak stomach.

Listless trading to lower-that's all I can say. The gains got chipped off as the bell rung the fading trading seconds. CI was hardly steady at 1283.75 down a minuscule 0.39 points. Gainers were smashed up by losers 464 to 372. Volume was okay at 1.1 billion shares worth RM1.6 billion. Some breadth.

Gainers were SPSetia whick racked in 35 sen,Transmile which brought in 34 sen, FarEast
which tacked on 30 sen and Commerce which added 20 sen. Losers were DFZ which lost 58 sen; Muhibbah which dropped 50 sen, Digi which descended 30 sen and Petgas that got burned out by 20 sen.

Portfolio-wise saw Welli gaining 5 sen to RM 1.02; Resorts World adding 4 sen to RM3.94 on a heavy volume of 102,685,000 shares.At their overnight levels were RCE at 81 sen and Genting at RM7.40. JAKS suffered from gravity pull, losing 3.5 sen on profit-taking to 90 sen on a turnover of 82,298,000 shares while
Metronic lost 0.5 sen to 17 sen. AMDB which traded on a volume of 38,616,000 shares lost a sen to 42 sen while BJ Sports Toto dropped 6 sen to RM4.84.

Reading for tomorrow-bland and boring as well.

Heartsong



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