Bursa Stupor Lapok!Stampede and rampage on Bursa? Pipe dream. After a fierce kungfu kick, I thought Bursa, the black belt karate king and ninja is back in action. Instead it is in a drunken stupor, on stale overnight grog. Not all the Viagra in the world can put this Humpty Dumpty Grumpy together again.
CI shrugged off the non-perforing Dow to put on a paltry 4.2 points, pushing the CI to 1378.59. There were 387 losers kicking ass over 332 gainers. Butt kick them...yeah!!! Volume was at 989 million shares worth RM934 million. Fall-out from India's Sensex? If so, be very careful...... remember 1997......kala woolek!
Leading the gainers were situational EONCap up 45 sen. IOIProp and IOICorp followed, increasing 40 sen and 20 sen respectively. Digi propped itself up by 20 sen. And now the losers-Gamuda dropped 35 sen;followed by KNM slipping 20 sen. SPSetia is still dropping like a chunk of rock;this time by another 20 sen while Parkson lost 15 sen.
Portfolio stocks were also on grog since Bursa saw little buying on speculative stocks this morning. Welli fell 0.5 sen to 93.5 sen. It went up and then took a free fall. Resorts added 2 sen to RM3.82. It moved up, then down and now has leveled off. RCE was off 0.5 sen to 93.5 . It traded steady to better. Metronic lost 0.5 sen to 17 sen. Slow slide all morning. BJ Sports Toto lost 2 sen to RM4.90 sen. Bargain hunting, I suppose. KHSB was down to steadier at its overnight level of RM1.01.Renewed buying is likely reason for the support. Meanwhile Genting upped itself 5 sen to RM8.05.
I expect yoyo players in the afternoon session until the fund managers come back from their Hari Raya holidays in the reverse balik kampung this week-end.
Heartsong
CI shrugged off the non-perforing Dow to put on a paltry 4.2 points, pushing the CI to 1378.59. There were 387 losers kicking ass over 332 gainers. Butt kick them...yeah!!! Volume was at 989 million shares worth RM934 million. Fall-out from India's Sensex? If so, be very careful...... remember 1997......kala woolek!
Leading the gainers were situational EONCap up 45 sen. IOIProp and IOICorp followed, increasing 40 sen and 20 sen respectively. Digi propped itself up by 20 sen. And now the losers-Gamuda dropped 35 sen;followed by KNM slipping 20 sen. SPSetia is still dropping like a chunk of rock;this time by another 20 sen while Parkson lost 15 sen.
Portfolio stocks were also on grog since Bursa saw little buying on speculative stocks this morning. Welli fell 0.5 sen to 93.5 sen. It went up and then took a free fall. Resorts added 2 sen to RM3.82. It moved up, then down and now has leveled off. RCE was off 0.5 sen to 93.5 . It traded steady to better. Metronic lost 0.5 sen to 17 sen. Slow slide all morning. BJ Sports Toto lost 2 sen to RM4.90 sen. Bargain hunting, I suppose. KHSB was down to steadier at its overnight level of RM1.01.Renewed buying is likely reason for the support. Meanwhile Genting upped itself 5 sen to RM8.05.
I expect yoyo players in the afternoon session until the fund managers come back from their Hari Raya holidays in the reverse balik kampung this week-end.
Heartsong
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