Tuesday, October 16, 2007

Fringe Play

Waiting for 1400? Look what happened to the chap above. Bursa continues to disappoint.

There was no favourable change in the afternoon session. CI went down by 2.87 points to 1372.38. Volume is good at 1.54 billion shares worth RM2.4 billion. Losers lynched gainers 547 to 339.Among gainers was Bursa,the bellwether stock, putting on 60 sen. Must be driven by futures trading. If that is so, it is good for the general market. KLK played a yoyo game, down one day, up the next. So today it saw gains of a good 60 sen. VADS went up 40 sen and so did Gamuda. On the other end, BAT lost 50 sen, nothing great for the heavyweight. Commerz lost some 40 sen and Tanjong lost an equal amount. Aeon slided 30 sen.

Portfolio was as dismal. RCE lost some of its morning gains to end up 3.5 sen to 94 sen. At its overnight levels was Genting at RM8.05. The rest lost money-lah. BJ Sports Toto, Resorts World and KHSB all dropped 4 sen each to RM4.92;RM3.78 and RM1.01 sen. Welli dropped 2 sen to 93.5 sen while Metronic eased 0.5 sen to 27.5 sen.

There is some noticeable buying in Welli and Metronic. So watch these two counters closely.They may just hop,skip and jump in the next dew days.

Heartsong

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