Marginal Mundane Bursa

Market weakened in the afternoon. CI went up a mere 1.93 points lifting the CI to 1376.32.Miserable performance.Gainers managed to trounced losers for the first time in many days; 429 to 411. Volume remains strong at 1.7 billion shares worth a cool RM2.01 billion. EONCap continued to retain its gain of 40 sen. Digi added 30 sen while IOIProp got a 30 sen gain. Air Asia, out of the blues, soared to put on 30 sen. Leading the losers were Gamuda, losing a serious 60 sen;KNM slipping 30 sen,SPSetia dropping a further 30 sen and Parkson konking off 20 sen.

Portfolio was yukky. Metronic managed to keep its nose above water adding a sen to 18.5 sen on a big volume of 3,329,100 shares. Something is brewing and it is not espresso coffee. Genting lost 10 sen to RM7.90. RCE dropped 0.5 sen to 93.5 sen. Resorts was at its overnight level of RM3.80 while Welli lost a sen to 93 sen. KHSB stood like the Colossus of Rhodes, at its overnight level of RM1.01 after yoyoing to an intraday spiking high of RM1.04. Something is happening here too. BJ Sports Toto lost 2 sen to RM4.90 on possible bargain hunting or Treasury buy-in.

Dow should go up today. It will help put bursa on the starting block to 1400 again. Otherwise, Bursa will continue swaying to the limborock-low now.... lower now....

Heartsong