Bursa's Life-style!The above picture describes Bursa and the investors who got robbed punting or to put it in a very polite manner, invested on Bursa's stocks. It is input begets a little output and then you kaput and get grilled till kingdom come! There is no gaining on Bursa after August 2007 when sub-prime, the carrying trade and now the Chinese bubbles claimed multitudes of burnt investors heading for the financial ICUs.
The world market just needed a flimsy excuse to plummet and that they did but not quite. The indices are holding up thanks to fund managers spread over the globe. The sheep are the small investors;losing their seed capital big-time.
Today CI plummeted 19.15 points to 1360.76. Another 30 points and we will all be tanked. The only reassuring feature is the volume of shares move up a little bit at some 521 million shares valued at 657 million ringgits. Gainers were squeezed by losers 770 to 70.
Among gainers were The Store, pushing up 22 sen;MNRD bouncing up 15 sen and WCT and VADS crawling up 5 sen each. What a dog performance! The losers saw Digi collapsing, losing RM1.10;while Bursa, IOIProp and BAT all slided by 50 sen. Commerce lost 30 sen.
The portfolio has been mummified. Genting dropped 10 sen to RM7.70;Welli and Resort gave up 4 sen each to 72 sen and RM3.62 sen respectively;KHSB fell 3 sen to 95 sen while RCE and BJ Sports Toto lost 2 sen each to 88 sen and RM4.86. Metronic was at its overnight level of 17 sen.
If the afternoon session is similar in performance, woe betide the investors on Bursa. Look at the chicken and you will know your ultimate fate!
Heartsong
The world market just needed a flimsy excuse to plummet and that they did but not quite. The indices are holding up thanks to fund managers spread over the globe. The sheep are the small investors;losing their seed capital big-time.
Today CI plummeted 19.15 points to 1360.76. Another 30 points and we will all be tanked. The only reassuring feature is the volume of shares move up a little bit at some 521 million shares valued at 657 million ringgits. Gainers were squeezed by losers 770 to 70.
Among gainers were The Store, pushing up 22 sen;MNRD bouncing up 15 sen and WCT and VADS crawling up 5 sen each. What a dog performance! The losers saw Digi collapsing, losing RM1.10;while Bursa, IOIProp and BAT all slided by 50 sen. Commerce lost 30 sen.
The portfolio has been mummified. Genting dropped 10 sen to RM7.70;Welli and Resort gave up 4 sen each to 72 sen and RM3.62 sen respectively;KHSB fell 3 sen to 95 sen while RCE and BJ Sports Toto lost 2 sen each to 88 sen and RM4.86. Metronic was at its overnight level of 17 sen.
If the afternoon session is similar in performance, woe betide the investors on Bursa. Look at the chicken and you will know your ultimate fate!
Heartsong
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