Monday, October 22, 2007

The Bursar Bombed!

Dow cast its pale shadow across Asian markets. Bursa tumbled to 1345.09 losing 25.08 points. There were only 72 gainers compared to 791 losers. Some 1.03 million shares were traded worth RM887 million. Topping the gainers were G. PLus jumping up 84 sen. Oriental,Kulim and Zelan gained 30 sen each. On the losing side, IOIProp lost 50 sen, Maybank slided 40 sen; PPBOil slipped 40 sen as well and Petgas was down with 20 sen loss.

Portfolio went to Holland. Genting downed 15 sen to RM7.65. Welli and KHSB dropped 4 sen each to 88.5 sen and 93 sen each. RCE lost 3 sen to 89 sen while Resorts went down 2 sen to RM3.74. Meanwhile Metronic was off 0.5 sen to 17 sen and BJ Sports Toto lost 2 sen to RM4.88. Very steady counter.

Let us see whether the market will hold in the afternoon or go for a double dip.

Heartsong



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