Wednesday, January 16, 2008

Shot Down like Dead Ducks!

CI bombed! Went down a horrendous 52.05 points. A tsunami of losses. Gainers were a handful at 100 while losers were everywhere last counted at 824.Volume was okay at 1.17 million shares worth RM2.84 billion.

Gainers were led by beverage producer Nestle taking in a gain of 50 sen;Kramat followed with a small uptick of 20 sen;Khind rose 17 sen while Yinson added 12 sen. Losers were Commerz losing 80 sen, Sime slipping 70 sen;KNM offloading 65 sen and IOIProp slumping 60 sen.

The portfolio
was an absolute disaster! BJ Sports Toto lost its head;slipping 25 sen to RM5.10.Genting was decapitated by 20 sen to RM7.65 while Resorts World was practically guillotined off 16 sen to RM3.86. KHSB lost 1.5 sen to 99.5 sen while RCE and Welli gave back a sen each to 85 sen and 55 sen. Metronic went underneath to lose 0.5 sen to 14.5 sen, another low in a long time!

Will the Dow recover tonight?

Heartsong

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