Monday, January 14, 2008

Pipe Piper beckons!

And I though Bursa was invincible! But fell it did in the afternoon session. Likely overseas fund sold down a bit as the CI went up too fast thanks to those silly antics of the GLCs. The CI got the toppler effect and fell 9.18 points to 1507.04. There were 630 sellers and only 222 gainers. Volume continued to be alright at 1.04 billion worth RM2.53 billion.

Equine-LA headed the gainers taking in 41 sen. SWKPlant was next with a gain of 32 sen,UnitedPlant climbed 30 sen while Commerz made a cool gain of 30 sen. Fronting the losers were Digi which again lost big time by RM1.20. Kulim slipped 45 sen while Sime Darby slided 40 sen. Equine also scrapped 22 sen.

The portfolio was murder! Genting got truncated by 10 sen to RM7.85, Resorts World was sold down by 12 sen to RM4.02,Welli slipped 2.5 sen to 54 sen and
RCE was off 0.5 sen to 88.5 sen. Metronic and BJ Sports Toto was unchanged at 16 sen and RM5.30 accordingly while KHSB added 2 sen to RM1.05.

So, Bursa has its Achilles Heels, after all.

Heartsong



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