Monday, January 21, 2008

The Collapse!

And so it happened. They came to town to sell and the market went under by a huge 30.89 points flooring the CI to 1408.60. There were 844 losers as compared to only 104 gainers. Volume was 948 million shares worth RM2.33 billion.

Among gainers were Rexit which shot up 25 sen;Petgas which glided up 20 sen, KPJ which gained 12 sen and PBBank which added 10 sen. Losers included MMCCorp which lost 75 sen along with BAT and Tanjong which lost 60 sen along with MPI.

The portfolio groaned. BJ Sports Toto slipped 27 sen;Genting tripped and fell 25 sen to RM7.45, Resorts slided 10 sen to RM3.68, KHSB was off 5.5 sen to 93 sen,RCE lost 2.5 sen to 80 sen while Welli shaved off 2 sen to 52.5 sen. Metronic lost 0.5 sen to 13.5 sen.

A great bloodbath created by the GLCs in the first place!

Heartsong

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