Monday, December 17, 2007

Bursa Turns Turtle

Its almost the year-end and most fund managers are in yuletide spirit. Dow will go down and world markets will sway samba style-from side to side.

CI fell 12.86 points today to 1390.55. Gainers were beaten by losers 193 to 665. Volume was fair at 719 million shares worth RM1.411 billion. Among gainers Kramat rose 65 sen, Utd Plantations climbed 20 sen,Welli glided up 14 sen and Petgas upped 10 sen. Losers were AeonCr which finally came down hard with a 58 sen loss. BAT crashed 50 sen, IOIProp came down similarly by 50 sen and Digi was off 40 sen.

Except for Welli which upped 14 sen, the portfolio was hardly creditable. Genting lost big time by 30 sen to RM7.65, BJ Sports Toto was off by 5 sen to RM5.50, KHSB dropped a sen to 85.5 sen while Resorts was unchanged at RM3.72. Metronic was also at the overnight level of 15 sen.

Dow may not be good tonight.

Heartsong

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