Toilet Money at BursaMoney has little value at Bursa these days. The moment you buy into a stock,Murphy comes along side and down it goes. Money down the tube-that's toilet money like the toilet paper money in the picture above.
The afternoon saw the much delayed follow-through that should have started first thing this morning. Anyway, better late than never. Even though shares rose on the blue chip plane, the speculative counters went down the tube.The CI upped 11.51 points to 1308.67 crossing the psychological level marginally. The number of gainers were 331 wile losers were 450. Volume was 798 million- 25% less than normal trading while value was RM1.44 billion. This is okay.
Gainers were Petgas, possibly being pushed up ahead of the government's potential gas price rise announcement. It rose 70 sen.Tanjong shot up 50 sen while KLK bounced up 50 sen. Asiafile went up 45 sen. The losers were Topglov sliding 20 sen;Kinstel dropping 20 sen as well, VADS declining 15 sen and Equine falling 12 sen.
The portfolio was a dismal showing. Genting added 10 sen to RM7.80;Resorts World rose 4 sen to RM3.86 and BJ Sports Toto added 2 sen to RM4.98. Falling on their faces were KHSB,JAKS and Welli which lost 3 sen to 90 sen,80.5 sen and 97 sen. RCE lost 2 sen to 83 sen while AMDB lost 1.5 sen to 38.5 sen. Metronic was unchanged at 16 sen.
I expect Bursa to be lower tomorrow because it is Friday and foreign funds are just awaiting at every level to dump Malaysian stocks.
Who will fill this vacuum?
Heartsong
The afternoon saw the much delayed follow-through that should have started first thing this morning. Anyway, better late than never. Even though shares rose on the blue chip plane, the speculative counters went down the tube.The CI upped 11.51 points to 1308.67 crossing the psychological level marginally. The number of gainers were 331 wile losers were 450. Volume was 798 million- 25% less than normal trading while value was RM1.44 billion. This is okay.
Gainers were Petgas, possibly being pushed up ahead of the government's potential gas price rise announcement. It rose 70 sen.Tanjong shot up 50 sen while KLK bounced up 50 sen. Asiafile went up 45 sen. The losers were Topglov sliding 20 sen;Kinstel dropping 20 sen as well, VADS declining 15 sen and Equine falling 12 sen.
The portfolio was a dismal showing. Genting added 10 sen to RM7.80;Resorts World rose 4 sen to RM3.86 and BJ Sports Toto added 2 sen to RM4.98. Falling on their faces were KHSB,JAKS and Welli which lost 3 sen to 90 sen,80.5 sen and 97 sen. RCE lost 2 sen to 83 sen while AMDB lost 1.5 sen to 38.5 sen. Metronic was unchanged at 16 sen.
I expect Bursa to be lower tomorrow because it is Friday and foreign funds are just awaiting at every level to dump Malaysian stocks.
Who will fill this vacuum?
Heartsong
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