Thursday, December 6, 2007

Heave Ho! GLCs are Marching!

Another jack (jerk) off by GLCs and we are in CI nirvana! The CI was mat rempit again by some 14.96 points to 1442.73, a new high yet again. Viva AAB! Elections fever is on, my friends. But alas! Only choice blue chips went up- the government kind. Some second liners and speculative stocks which galloped are unfortunately back in stable. Only risks and exposure- no gains. Kala woleh!

Gainers overtook losers 436 to 302. Volume is good at 662 million worth some RM994 million. Bull run is intact!

Among gainers,KLK rose 40 sen along with Bursa. SPSetia and YTL both increased 35 sen each. Losing huge was Digi collapsing RM1.05; Nestle tanking 25 sen while Ann Joo and KNM slipped 20 sen each.

The portfolio was fair. Genting edged up 10 sen to RM7.80 while the others were at their overnights or down. Resorts World was steady at RM3.76;Metronic at 16.5 sen;KHSB at 94.5 sen and BJ Sports Toto at RM5.05. Both Welli and RCE lost 0.5 sen to 56 sen and 90.5 sen.

I expect the CI to slide in the afternoon but end in positive territory.

Heartsong


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