Red Tide!Gravity-what goes up must come down-the degree may differ and the timing too.
So along with the world markets, Bursa succumbed to heavy profit taking on the blue chips that they have jacked-up for last 15 days. The CI fell some 44.58 points to 1461.13. The losers rode proudly like a horde of locusts sweeping red blood over 755 counters. There were only 66 gainers.
The counters that gained ground today included MISC which sailed up with a gain of 65 sen,Kramat which rose 20 sen;Khind which quietly tacked on 11 sen and which showed a growth of 7 sen. TMCLifeSime Darby broke down and lost 70 sen. Commerce tumbled 60 sen;Parkson was squeezed down 55 sen and also IOIProp slided 50 sen.
The portfolio saw the shadow of Genghis Khan and shaded blood as well. BJ Sports Toto lost the tote by 20 sen to RM5.15,Genting slipped 15 sen to RM7.70; Resorts World was off by 10 sen to RM3.92 while RCE and Welli moved down 2 sen each to 84 sen and 54 sen respectively. KHSB went down 1.5 sen to 99.5 sen. Strangely, Metronic could show a gain of 0.5 sen to move up to 15.5 sen.
Today is a day of indecision for many. Those who dare to come in via bargain hunting of blue chips may make it tomorrow if there is no longer any more sell down. However, if Wall Street continue to hemorrhage, woe betide them!
Heartsong
The counters that gained ground today included MISC which sailed up with a gain of 65 sen,Kramat which rose 20 sen;Khind which quietly tacked on 11 sen and which showed a growth of 7 sen. TMCLifeSime Darby broke down and lost 70 sen. Commerce tumbled 60 sen;Parkson was squeezed down 55 sen and also IOIProp slided 50 sen.
The portfolio saw the shadow of Genghis Khan and shaded blood as well. BJ Sports Toto lost the tote by 20 sen to RM5.15,Genting slipped 15 sen to RM7.70; Resorts World was off by 10 sen to RM3.92 while RCE and Welli moved down 2 sen each to 84 sen and 54 sen respectively. KHSB went down 1.5 sen to 99.5 sen. Strangely, Metronic could show a gain of 0.5 sen to move up to 15.5 sen.
Today is a day of indecision for many. Those who dare to come in via bargain hunting of blue chips may make it tomorrow if there is no longer any more sell down. However, if Wall Street continue to hemorrhage, woe betide them!
Heartsong
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