Thursday, November 15, 2007

Pennies for your Thoughts

As speculated, Bursa failed miserably to show self-will. Spineless and showing general debility, it managed a miserly 0.77% increase to hardly prop up the CI to 1385.35. Losers skinned gainers alive 494 to 210. Volume was fair at 645 million shares worth almost 800 million ringgits. Fair fight on the books.

Gainers were led by Digi which leaped RM1.10 on the 3G deal with Time.com and the Telenor
sell-down to 49% in equity. Nestle showed its prowess by climbing 70 sen and Asiatic firmed 35 sen. Dutch Lady scooped up 20 sen as well. Cepco lost 28 sen while Bursa, SAAG and Commerz, all gave back 20 sen each.

The inert Bursa climate affected the portfolio. Genting managed to reclaim 5 sen to R
M7.85 while Metronic saw action adding 0.5 sen to 18 sen on the back of increased trading volume of 1.08 million shares. Should be seeing more action soon, I hope. BJ Sports Toto moved up 4 sen to RM4.98. Losing quite badly was KHSB, down 3 sen to RM1.00;Resorts down 2 sen to RM3.70 and Welli submerging a sen to 81 sen. All is not well.

Pennies for your thoughts,sweet lady of mine?

Hit and run when you have the opportunity!

Heartsong

No comments: