Wednesday, December 12, 2007

Bearish Once More

Bursa turned bearish losing 10.44 points bring the CI lower to 1423.72. Losers overwhelmed gainers 574 to 234. Volume was down to 671 million in spite of new Aeon Credit shares being traded today. Value was alright at RM1.51 billion.

Gainers were led by shooting star Aeon Credit which rose 84 sen;Dutch Lady which ascended 60 sen, BJLand which gained 45 sen and Far East which notched up 30 sen. Losers were led by falling star Bursa giving up 70 sen,Kramat descending 65 sen;KNM off-loading 30 sen and BHIC tanking 25 sen.

Portfolio perked up in the afternoon with renewed buying interest in Genting. It rose 15 sen to RM7.90. BJ Sports Toto and Welli were unchanged at RM5.20 and 55.5 sen while Metronic fell 0.5 sen to 15.5 sen and KHSB dropped 2.5 sen to 86 sen. Resorts World also slipped 4 sen to RM3.70.

Let us see how the Dow perform tonight. Likely a small plus in the positive way.

Heartsong



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