Monday, November 26, 2007

Like Clinton, do we forgive Bursar?

Well, it did happen, Bursa move up 7.24 points today to 1360.79. Sadly volume and value fell to 431 million and RM476 million respectively. No good! There were 431 gainers with 476 losers.

Digi recovered to gain 60 sen;Parkson profited 45 sen;Tanjong betted better with a 30 sen gain and Nestle foamed up 25 sen. Falling were Kassets down 41 sen;SAAG dropping 20 sen and UMW backslided 20 sen. Automotive producer Proton screwed up 14 sen and continues to go south. Where is the bottom for Proton?

The portfolio is better with Resorts climbing 18 sen to RM3.80. Is something brewing there when Genting gave a special dividend and it did not? Big brother Genting ended better 15 sen to RM7.90 while gaming ally,BJ Sports Toto was also better by 4 sen at RM4.96. RCE was 1 sen better at 86 sen while KHSB was unchanged at 95 sen. Metronic and Welli slided by 0.5 sen and 1.5 sen to 16.5 sen and 70.5 sen.

Bursa has been delinquint like Clinton? The Americans have sort of relegated Clinton to the background but he may just pop back if Hilary comes into the White House. Meanwhile, can we also forgive Bursa for the worse performance last week since August?

Yes, but with a warning to buck up!

Heartsong

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