Tuesday, October 9, 2007

A Struggling Chicken....

Against the Dow fall of 22 points, Bursa started animatedly like a wild chicken moving up some 7 points. Then, all of a sudden, the bravado was gone. By the noon close it was trickling blood losing 2.89 points taking down the CI to 1361.25.

Gainers were William Cheng's recovering counter Lion Div which upped a hefty RM1.05. This was followed by another William Cheng stalwart, Parkson which perked up 55 sen. Sime went up 30 sen followed by Digi edging up 20 sen. The losers were all time fat bulemics BAT losing 75 sen and IOIProp dropping 60 sen. KLK slided yet another 30 sen followed by Shell which slipped 20 sen.

The portfolio was mixed to easier. Resorts managed to tack on 4 sen to RM3.88 while RCE got back 1.5 sen to 91 sen. The rest were losers. Genting lost 5 sen to RM8.10 and Metronic lost 0.5 sen to 16 sen. Meanwhile, KHSB and AMDB both slided off 3 sen to 97 sen and 46.5 sen respectively. JAKS and BJ Sports Toto both moderated to RM1.15 and RM 4.82 shedding 4 sen each. Welli slided 1.15 sen to 95.5 sen.

Market should turn softer in the afternoon.

Heartsong



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