Wednesday, November 14, 2007

A Muzzled Bursa

With such a hottie trottie Dow upping some 300 plus points, Bursa was a mere rug rat. It started well and slided into siestaville. At the noon close, CI was barely up, taking in 1.9 points to carry up the CI to 1385.33. Good thing there were more gainers than losers;427 to 279. Volume was better at 770 million shares traded worth 830 million ringgits. I still do not see an excitable trading pattern with breakouts,though.

Up and away was bellwether, Bursa taking in a 50 sen gain;The Store which profited 40 sen,Kulim riding high on their intended listing in London and Asiatic notching up 20 sen. Losing were KFC which ran out of flavour by 50 sen;MTD tolled out a 48 sen loss mad Kramat lost 40 sen. DFZ, as usual succumbed to gravity to lose some 20 sen. Must be a close cousin of Welli.

The portfolio was high and dry as usual. No breakthrough.
Genting,Resorts,RCE were at their overnight levels of RM7.95;RM3.72 and 92.5 sen. Interestingly, Welli emerged a bit from the Mariana Trench depths to add 0.5 sen to 83 sen while BJ Sports Toto tambah sikit,some 4 sen to RM4.90. Metronic, meanwhile lost 0.5 sen to 17.5 sen.

Market is not encouraging. Just as muted as the lady friend with the mouth-safety belt.

Ahoy, there! Can't hear you! Better in the afternoon? Hope so.

Heartsong


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