Poor House BursarThere is nothing to look forward these days on Bursa. Ever since the proposal to levy a minimum of RM40 brokerage charge for every transaction on bursa was announced, fund managers and local retailers have been sending messages to the policy makers that these policies are all wrong. Meanwhile foreign fund managers have been selling into strength every time the CI is up.
Today, except for Welli which sprung into life, all counteres were butchered particularly the speculative stocks. Everyone is heading for the poor house just like the picture above. Soon the chicken and the dog will be living with us as well in the poor house.
The CI slided down from the word-Go. It finally dropped double digit to 11.16 points bringing down the CI to 1278.34. Losers overwhelmed gainers 717 to 139. Volume shrunk visibly to 600 million shares worth RM918 million. This is not good when volume shrunk by 400 million and value by another RM400 million. Those people in the Treasury and SC should sit up and do something to boost volume. Get off your butts!
Losers were KLK losing 50 sen, Tanjong; 40 sen, Bursa 35 sen and Ranhill;32 sen. Gainers were WCT adding 15 sen;Parade notching up 11 sen and Guthrie topping up 10 sen while Sime moved up 10 sen.
The portfolio was just as bad as the general bursa. Genting lost 20 sen to RM7.50; KHSB dropped 9 sen to 84 sen; BJ Sports Toto gave up 6 sen to RM4.90, ;JAKS sliding 5 sen to 78.5 sen and AMDB losing 2 sen to 37.5 sen. RCE dropped 1.5 sen to 82.5 sen and Metronic lost 0.5 sen to 16 sen. Resorts World was at its overnight level of RM3.78. Only Welli went up 9 sen to RM1.06 sen on rumours of a hostile takeover.
Bursa will continue sliding. It will slide more if Dow goes down tonight.
Heartsong
Today, except for Welli which sprung into life, all counteres were butchered particularly the speculative stocks. Everyone is heading for the poor house just like the picture above. Soon the chicken and the dog will be living with us as well in the poor house.
The CI slided down from the word-Go. It finally dropped double digit to 11.16 points bringing down the CI to 1278.34. Losers overwhelmed gainers 717 to 139. Volume shrunk visibly to 600 million shares worth RM918 million. This is not good when volume shrunk by 400 million and value by another RM400 million. Those people in the Treasury and SC should sit up and do something to boost volume. Get off your butts!
Losers were KLK losing 50 sen, Tanjong; 40 sen, Bursa 35 sen and Ranhill;32 sen. Gainers were WCT adding 15 sen;Parade notching up 11 sen and Guthrie topping up 10 sen while Sime moved up 10 sen.
The portfolio was just as bad as the general bursa. Genting lost 20 sen to RM7.50; KHSB dropped 9 sen to 84 sen; BJ Sports Toto gave up 6 sen to RM4.90, ;JAKS sliding 5 sen to 78.5 sen and AMDB losing 2 sen to 37.5 sen. RCE dropped 1.5 sen to 82.5 sen and Metronic lost 0.5 sen to 16 sen. Resorts World was at its overnight level of RM3.78. Only Welli went up 9 sen to RM1.06 sen on rumours of a hostile takeover.
Bursa will continue sliding. It will slide more if Dow goes down tonight.
Heartsong
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