Friday, December 28, 2007

Companies are Playing Safe Sex

And like the cartoon above, companies are playing safe sex-window dress before the year goes off!

Gainers were overwhelmed by losers in spite of that! Losers led gainers 491 to 239. CI moved up marginally (1.6 points) to 1439.42. Volume was at 317 million worth RM5648 million.

Among gainers were E&O LA which shot up 46 sen;Kramat and KNM which rose 35 sen and newly listed TASCO which gained 26 sen. Losing today morning were LDaun which lost 17 sen;Allianz which slipped 17 sen while Shell and IJM both lost 10 sen each.

The portfolio underperformed. Except for BJ Sports Toto and KHSB which added 0.5 sen to RM 5.05 and 90.5 sen; most were overnighters and losers. RCE Cap was unchanged at 84.5 sen. Losers were Genting which lost 5 sen to RM7.85;
Resorts which slipped 2 sen to RM3.76; Welli which slided 1.5 sen to 56 sen and Metronic which lose 0.5 sen to 15 sen.

Expect range-bound trading in the afternoon. Market could be softer towards the end of trading day.

Heartsong

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