Friday, December 7, 2007

Bursar Slows Down a Wee Bit.

So the Friday blues set in for Bursa. After bumping up and flying the blue chips to ISS, it dropped down and suffered the blues. CI went down 6.35 points to 1434.04 - Bursa is still one tough nut! Gainers were trounced by losers 285 to 554. Number of shares traded was back to normal at 843 million-pre-Sime Darby re-listing level. Value is still good at RM1.72 billion.

Among gainers, Parkson score a gain of 35 sen;IOICorp and Quality rose 30 sen and Hexagon added 25 sen. Losers were weighed down by Nestle which lost RM5.75 while BAT and KLK tanked 50 sen each. YTL dropped 25 sen.

Portfolio was laid-back. Resorts World added 2 sen to RM3.74 while the others did not perform or suffered losses. Genting and Welli were at their overnight levels of RM7.65 and 57 sen. BJ Sports Toto tanked 10 sen to RM5.50 while KHSB shed 2 sen to 91 sen. Meanwhile Metronic and RCE move down 0.5 sen each to to 16 sen and 88 sen.

A rough day for the second liners and speculative penny stocks.

Unless the Dow do another feat tonight, I expect the Bursa to go sideways next week.

Heartsong


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