Wednesday, December 19, 2007

Barely Up

The afternoon was certainly a drag. The CI was unwieldy and rose 1.76 points to 1387.21. Gainers lost to losers 349 to 410. Volume collapsed to 642 million shares, indicating the exit of day traders and speculators. Values was alright at RM1.41 billion, indicating blue chip trading.

Gainers were bellwether Bursa which rose 50 sen on fresh buying interest;UMW rolling along to gain 30 sen;VADS climbing 25 sen and Pharma moving up 24 sen. DFZ led the losers closing down 30 sen;IJM also tumbled 20 sen while RBLand lost 16 sen and BJ Sports Toto declined 15 sen.

The portfolio was in the worst doldrums in a long, long time.
BJ Sports Toto declined 15 sen to RM5.00. while Genting lost 5 sen to RM7.55. Resorts declined 6 sen to RM3.60 while RCE was off 1.5 sen to 81.5 sen. KHSB went down as well by a sen to 84.5 sen. Metronic was unchanged at 15.5 sen.Elsewhere,Welli lost 0.5 sen to 60 sen.

Dow should be in marginal territory tonight.While waiting for the Dow, let us appreciate the charms of Miss Malaysia 2007.

Heartsong


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