Fantastic Bursa!A potential foreign purchase of some 10% of its shares at a speculative price of RM20 pushed the Bursa counter way up high. It added RM1.30. Overall CI was down by 8.91 points leveling the CI to 1425.13. Losers knocked off gainers 523 to 246. Volume was just above the 0.5 billion line(579 million shares) worth RM1.33 billion.
BAT flew high to tack on RM1.50 while Bursa added RM1.30. IOIProp moved up 30 sen while Nestle glided up 25 sen. Leading the losers were IOICorp which lost 40 sen; Quality which slid 35 sen; MMCCorp slumped 35 sen while Maybank tanked 30 sen.
The portfolio was completely paralysed. If not for the 5 sen gain of BJ Sports Toto to RM5.10 and the 0.5 sen gain of Welli to 57.5 sen, it would have drowned. Metronic was sleeping at its overnight level of 16 sen while all the rest collapsed like sink-holes. Resorts lost 4 sen to RM3.70 while KHSB skidded and fell 3.5 sen to 87.5 sen. Similarly, RCE went south losing 2 sen to 86 sen.Genting lost 5 sen to RM7.60
Looks like there is no strength in Bursa. The Sime juggernaut had been stopped in its tracks!
The Dow tonight will tell whether Bursa will go up or sideways.
Heartsong
BAT flew high to tack on RM1.50 while Bursa added RM1.30. IOIProp moved up 30 sen while Nestle glided up 25 sen. Leading the losers were IOICorp which lost 40 sen; Quality which slid 35 sen; MMCCorp slumped 35 sen while Maybank tanked 30 sen.
The portfolio was completely paralysed. If not for the 5 sen gain of BJ Sports Toto to RM5.10 and the 0.5 sen gain of Welli to 57.5 sen, it would have drowned. Metronic was sleeping at its overnight level of 16 sen while all the rest collapsed like sink-holes. Resorts lost 4 sen to RM3.70 while KHSB skidded and fell 3.5 sen to 87.5 sen. Similarly, RCE went south losing 2 sen to 86 sen.Genting lost 5 sen to RM7.60
Looks like there is no strength in Bursa. The Sime juggernaut had been stopped in its tracks!
The Dow tonight will tell whether Bursa will go up or sideways.
Heartsong
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