Buried Alive!

The Bursa has closed out the retailers-the very people they wanted to attract in the first place. Look at the picture above.The retail community is dead because of the RM40 issue.Now, the guardians of the bursa is shifting goal-posts by putting counters that got government contracts to be component stocks. I wonder what else they would like to do? Khazanah, Valuecap and its siblings, the EPF, SOCSO,Amanah Raya, LTH and PNB have been pistol-whipped into action to shore up the CI for the impending general elections in late February-early March. The BN war-chest is already full! It is overflowing!

But when man propose, God dispose! And so through the sub-prime issue, God mow down Dow and the world equities markets. Bursa which tied to show that it has more bola than others in early January 2008 is now a victim of its own action! The CI dropped 24.86 points to 1380.56. Losers bushwhacked gainers 666 to 168. Volume was at 739 billion shares worth RM1.39 billion.

Leading the gainers were SPSetia-WB which which zoomed up 54 sen; Nestle leaped up 50 sen, Maypak added 30 sen and Loh and Loh which ascended 26 sen. The losers were AMMB which lost RM3.51. (There must be a mistake here);BAT which slipped 75 sen, Aeon which slumped 70 sen and PPB which surrendered 50 sen.

The portfolio was fully autistic! The poor savant performed dismally. Genting lost big time by 15 sen to RM7.35;Resorts World fell 10 sen to RM3.62; KHSB slipped 4 sen to 83.5 sen while RCEB went down 2.5 sen to 78 sen.BJ Sports Toto meanwhile stood unchanged at RM5.10 but Metronic inched up 0.5 sen to 13.5 sen.

A lousy day at the stocks!

Heartsong

Floored!

Dow is King. All markets were floored this day. Bursa's CI went flat at 1354.48, down a humongous 54.12 points! Losers reached 963 while gainers were subdued at 68. Volume of shares traded was 1.58 billion shares worth RM 3.65 billion.

The gainers were MetalR, moving up 30 sen; IOIProp improving 30 sen,Tien Wah rising 30 sen and Choo Bee notching up 12 sen. Losers were the great fly guys of yesterday. BAT lost RM1.50;Digi went down RM1.40;United Plant shed RM1.20 and KLK off-loaded RM1.10.

The portfolio was uneasy. Loses were heavy particularly for Genting which lost 35 sen to RM7.10;KHSB stumbled and lost 8.5 sen to 84.5 sen; Resorts went down 8 sen to RM3.60 while RCE slided 5 sen to 75 sen. Metronic also lost a sen to 12.5 sen. BJ Sports Toto was unchanged at RM4.98 while Welli improved 0.5 sen to 53 sen.

It was one lousy day at the bourse.

Tomorrow is Thaipusam, a newly declared holiday for the Federal Territory of Kuala Lumpur and Putrajaya.

Let us see how the Dow will fare tonight and tomorrow night!

Heartsong

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

Year of the Gutter Rat!

So the Bursa is suffering after the early January rush - indigestion. Poor us that got burnt, fingers, hands and butts! The sub-primes rule and the world markets kowtow. Malaysia wanted to play hero when all the Asian markets paid their tributes. We stood up and out like a sore thumb and now we are feeling the buck shots! Silly GLCs and mad mat rempits!

The CI closed with a loss of 9.57 points to 1429.92. Losers rode by gainers 599 to 100. Volume was at 296 million shares valued at RM606 million. The gainers included Rexit up 26 sen; PBBank ascending by 20 sen, LPI gliding up 20 sen and TM rising a paltry 10 sen. The losers were IOIProp which lost 50 sen; BKawan which lost 30 sen along with Parkson and Bursa.

The portfolio was squished and squashed. Resorts World got the treatment and went down 4 sen to RM3.74; Genting lost the bet and slid 10 sen to RM7.60. Meanwhile, BJ Sports Toto went to the cleaners losing 10 sen as well. Elsewhere, Metronic and KHSB added 0.5 sen each to 14.5 sen and 99 sen RCE was unchanged at 82.5 sen but Welli lost 1.5 sen to 53 sen.

Heartsong

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

Tight Fisted Bursa

Give no quarters-looks like that is what the stance of Bursa these days. In spite of a dam bursting Dow fall, it lost only 0.30 of a point to maintain the CI in the approximate level of 1435.38. Losers swarmed the boards with 454 maroon counters as against only 262 green counters. Volume traded was 624 million shares worth RM1.33 billion.

Gainers were cornered stock SAAG lifting off to the ISS for both its mother share, SAAG which rose 85 sen and its WA which climbed 88 sen. BKawan added 50 sen while Sime move up 40 sen. Notable losers included Digi slipping 50 sen; Bursa being floored by 30 sen and Parkson losing 25 sen along with Nestle.

The portfolio is on the verge of harakiri. Genting is on a suicidal streak losing 25 sen to RM7.65,BJ Sports Toto lost 10 sen to RM5.10, Resorts World skidded off 4 sen to RM3.98 and RCE and KHSB both lost 0.5 sen to 83.5 sen and 89 sen respectively. Metronic is almost sub-prime status at 15 sen. Welli saw some bright sparks flying adding 1.5 sen to 55 sen.

Real lousy market day.

Heartsong

Bursa Goes Zombie!

So the year is ending and bursa will be sloping south,the way it is going these days. The afternoon session was hardly a mirror of the morning. It is even worse. Unless magic happens in the final minutes and not shit. The great Aeon Credit showed Japanese might at equities-the one last hero of bursa for the year.

The CI fell some 13.16 points to 1410.56. Gainers were walloped by losers 276 to 541. Volume was 729 million shares worth RM1.53 billion. Market signals are still intact.

Among gainers were definitely Aeon Credit which garnered a gain of 52 sen; AnJoo-WR which scored 30 sen;TAHPS which rose 20 sen and Gamuda which sprung up 14 sen. Chief among losers were good ole Bursa committing suicide by losing RM1.10 sen, Parkson which took a haircut of 45 sen, KFC which lost an aromatic dollop of 35 sen and IOIProp which subsided 30 sen.

The portfolio followed the general mood-no go and no good. Genting was down 5 sen to RM7.85 but Resorts was better 6 sen to RM3.76. KHSB added 0.5 sen to 86.5 but RCE fell by a sen to 84 sen. Metronic was standstill at 15.5 sen. BJ Sports Toto, in spite of heavy buying, closed at its overnight level of RM5.20. Welli was off by 0.5 sen to 55 sen.

We may not have a favourable Dow tonight.

Heartsong

Sad, Sad Day

And the CI went bonkers and dropped another double-digit C4 bomb. It fall 16.21 points to 1344.16. Volume as expected shrunk to below a billion at 931 million. Value was fair at RM1.56 billion. Losers pounded gainers 692 to 176.

Among gainers, Magna went up by 16 sen;NPC rose 13 sen;Iretex edged up 12.5 sen while Dutch Lady (not the sweet Jessica Simpson up there) gracefully ascended 10 sen. Losers were Digi ringing its own misfortune by falling 50 sen; WCT down 45 sen, Asiatic dropping 40 sen and Tanjong offloading 30 sen.

The portfolio was disgraced by Genting which slumped 15 sen to RM7.50. A dog of a price! Resorts went down 4 sen to RM3.60;BJ Sports Toto slided 4 sen to RM4.82 while RCE dropped 2 sen to 85 sen. KHSB and Metronic were unchanged at 95 sen and 17 sen. Welli was a surprise- going against the grain-up 0.5 sen to close at 72 sen.

Tomorrow looks gloomy.

Heartsong

An Uncertain Wait

It is countdown to the New Year 2008 for many. The RM40 per transaction measure will start then. How will the investors react. Will they be buying penny stocks in quantum? Neh! Never! So the pennies are going back to heaven. Like the one sen coins are going back to BNM.

Those who made money have left Bursar. Those who are caught or are still positioning themselves are in for a long wait. Uncertain and fraught with bear-traps at every turn.

The good times will be a long time coming. You may just make money sitting on some hot situationals. The blue chips is overpriced and can fell like Humpty Dumpty at any time. Such is the scenario-bleak and bleary.

With Dow coming down by more than 211 points, Bursa followed suit. As lunch close came, Singapore, Tokyo and Hong Kong were steaming green but ........... Yes, Bursa continued to wallow in maroon mud! The CI fell 15.16 points to 1344.69. Losers knocked down losers 611 to 149. Volume was sliding,this time to 477 million worth 705 million ringgits. The way I look at it, it is again blue chip selling. Low volume but higher value in terms of numbers. Not promising. The trading of Proton to push it up to a mere 8 sen is surely the dastardly work of Khazanah,EPF,Pension Funds, Amanah Raya and SOCSO. Cheap skates!

Gainers were UMNO-linked Magna up 20 sen;Proton elevated by 8 sen;LifeCorp rising 7 sen and Loh and Loh gaining 6 sen. The losers were again led by Digi losing another 50 sen;KLK tumbled 30 sen;and PPB and IOICorp both slipping 25 sen.

Portfolio was fair. BJ Sports Toto added 2 sen to RM4.88 while KHSB added 1.5 sen to 96.5 sen. Welli improved 1 sen to 72.5 sen. Looks like the support is somewhere around 70 sen for Welli. Genting freefall 10 sen to RM7.55 while Resorts dropped 2 sen to RM3.62. Metronic came unglued and lost 0.5 sen to 16.5 sen. RCE meanwhile dropped 2.5 sen to 84.5 sen.

Will the afternoon hold? If the Asian markets can provide a clue, Bursa should be better in the afternoon session.

Heartsong

A Lonely Walk

Bursa Saham KL is heading for the dumps. It will be a sad, long, lonely walk. Bargain hunters and weak sellers are making their presence felt using attrition to floor prices of most shares. I guess the market must be overpriced for them to let go that easily. Anyway, no pain, no gain.

Bursa went down 11.85 points putting the CI at 1359.85. Losers whacked gainers 711 to 164. Volume of shares was a billion worth RM1.6 billion. Still good. For the gainers, KNM upped 25 sen, possibly because of the surging oil price. Perstima got up from its sleep to post 22 sen. Hap Seng went up 21 sen and Magnum rose 20 sen. Leading the losers was state-owned Proton, falling 92 sen;followed by Digi losing 60 sen. IOIProp gave in, falling 50 sen while Bursa registered a decrease of 30 sen.

The portfolio was a disaster with Genting losing some 20 sen to RM7.65 followed by BJ Sports Toto losing 12 sen to RM4.86. Resorts fell 6 sen to RM3.64 while KHSB slipped 4 sen to 95 sen. Meanwhile, RCE fell 2.5 sen to 87 sen and Welli slumped further by another 2 sen to 71.5 sen. Looks like support price is 70 sen. Boring Metronic was unchanged at 17 sen.

The Dow future performed badly losing 110 points. This will not augur well for the Dow tonight, especially when oil prices touched a new high of US$ 99 per barrel on intra day trading on the Nymex. With Wall Street close for Thanksgiving tomorrow night, Bursa will be directionless on Friday.

May be good for Bursa.

Heartsong

See My Butt! It's Bear Season!

And so it came to pass. Dow went down and Bursa went down. There is logic here. Now Dow is up but Bursa goes down. No logic here.

There is just no more sciences in stock trading no more. Forget the charting theories; FA or TA. Bursa is an enigma; best avoided during the current spell. The bear is fast approaching, butt first as you can see from the picture above. So watch out or you will become mince-meat!

At the noon close, CI toppled another 6.9 points, flat on its face at 13634.69. Losers squeezed the balls off gainers 581 to 143. Volume is not okay at 482 million shares worth RM731 million. It means blue-chips are being thrown into the gutter. Likely investors are feeding Proton shares to the lions in the arena! Also, there is little play on pennies and second liners. That means the market is dry-few day-traders and speculators. The only punters are brokers, dealers and remisiers! Oh! it is one big crying shame.

Gainers were Magnum, leaving Bursaland for private hands through MPH and a third party. It rose 22 sen. Hap Seng climbed 21 sen while HSPlant and Batu Kawan each rose 10 sen. Falling big time was automotive manufacturer, Proton losing 58 sen;IOIProp, falling 40 sen while Digi and Bursa slided 30 sen each.

The portfolio has back slided as well. Genting and compadre, BJ Sports Toto both lost 10 sen to RM7.75 and RM4.88 respectively. Resorts lost all its gains; falling 6 sen to RM3.64 while KHSB slided 2.5 sen to 96.5 sen. Metronic was in the wax museum at 17 sen. Welli continued the big, long slide, losing another 2.5 sen to 71 sen. RCE lost a sen to 88.5 sen.

A day of woe, hammer blows and stock lynching. I think the market is approaching a comatose status. The bears are seen in the near-by jungles of Mount Kiara. Time to feed the bears with your blood,sweat and tears money!

Heartsong

Not Out of the Woods..............

After a dog-day of slow, plodding trading, CI finally lost only 8.21 points to 1371.70;having halved its earlier losses. Losers strangled gainers 520 to 286. Volume was okay at 1.22 million valued at RM1.63 billion. Still positive;better than yesterday.

Looking at the gainers, we see The Store still sticking to its gains of 22 sen all day long. BHIC and WCT added 20 sen each while EONCap notched up 15 sen. Digi fell big time on the announcement by the Communication Minister that action could be taken on those trading 3G licence. It lost RM1.20. IOIProp slided 50 sen while dropped 50 sen as well.KLK Bursa slipped 40 sen. I expect Digi to free-fall again tomorrow.

The portfolio got back some life. BJ Sports Toto added 10 sen to RM4.98 while gaming compadre, Genting recovered 5 sen to RM7.85. Resorts World added 4 sen to RM3.70 while KHSB notched up a sen to 99 sen. Welli fell 2.5 sen while RCE was down 0.5 sen to 89.5 sen. Meanwhile, Metronic turned into wax work and remained in suspended animation at 17 sen.

What worries me is that Welli is not bottoming up. It is stuck and sinking further into the abyss. It may be a bit late to cut loss but if you think that this will be the trend until the AGM in December, then it may be better to cut loss and stay at the sidelines until they have cleared the accounts receivable issue. If 80% of the accounts receivable are taken out and are not included in the audited report;then Welli may touch a new bottom. Fear is the key for your action here, especially as Welli is a second boarder!

The Dow is up 57 points in early trading but I doubt it is sustainable. If it ends in positive territory,it may well be a bear trap on Thursday as those investors on Wall Street can be real data freaks and will shiver at mere shadows. They are that fickled and may sell down their stocks to the Mississippi delta.

The best advice to readers-if you can, slowly extricate your self from Bursa.

Heartsong

Bursa's Life-style!

The above picture describes Bursa and the investors who got robbed punting or to put it in a very polite manner, invested on Bursa's stocks. It is input begets a little output and then you kaput and get grilled till kingdom come! There is no gaining on Bursa after August 2007 when sub-prime, the carrying trade and now the Chinese bubbles claimed multitudes of burnt investors heading for the financial ICUs.

The world market just needed a flimsy excuse to plummet and that they did but not quite. The indices are holding up thanks to fund managers spread over the globe. The sheep are the small investors;losing their seed capital big-time.

Today CI plummeted 19.15 points to 1360.76. Another 30 points and we will all be tanked. The only reassuring feature is the volume of shares move up a little bit at some 521 million shares valued at 657 million ringgits. Gainers were squeezed by losers 770 to 70.

Among gainers were The Store, pushing up 22 sen;MNRD bouncing up 15 sen and WCT and VADS crawling up 5 sen each. What a dog performance! The losers saw Digi collapsing, losing RM1.10;while Bursa, IOIProp and BAT all slided by 50 sen. Commerce lost 30 sen.

The portfolio has been mummified. Genting dropped 10 sen to RM7.70;Welli and Resort gave up 4 sen each to 72 sen and RM3.62 sen respectively;KHSB fell 3 sen to 95 sen while RCE and BJ Sports Toto lost 2 sen each to 88 sen and RM4.86. Metronic was at its overnight level of 17 sen.

If the afternoon session is similar in performance, woe betide the investors on Bursa. Look at the chicken and you will know your ultimate fate!

Heartsong

And the Walls come tumbling down...............

The fantastic Dow screwed world markets again. Downgrades and write-offs-that will be the order of the day until next year. So keep off the Bursa if you are not caught in it. Keep clear and enjoy your life instead of worrying all the time about your shrinking investments.

Today, Bursa was a real turkey losing 17 points. While donkeys are selling off their stocks at huge losses, the die-hards are holding fast to their positions, praying hard for God to be with them. They are hoping that they are not the greater fools!

A global debacle led by Wall Street. What a shame!

Heartsong

On the Disaster Trail...........

Bursa is dying. Volume has shrunk today for the first time in many months.The CI has been declining patently falling another 6.73 points to 1379.91. Losers trounced gainers 568 to 257. Volume has declined by at least 500 million shares worth RM1.28 billion. This only means less speculative stocks are being traded.

The gainers continued to be the same favourites like Digi up 75 sen;IOIProp up another 60 sen;Parkson gaining 25 sen and Maybank topping up 20 sen. Losers were Tanjong and Petgas; down 50 sen each. MMCCorp down 45 sen and Kulim losing 25 sen.

The portfolio is pathetic. Only KHSB managed to gain a sen to 98 sen. All the rest registered loses from 0.5 sen to 5 sen. Genting lost 5 sen to RM7.80; Welli took another hit losing 3.5 sen to 76 sen while BJ Sports Toto and Resorts lost 2 sen to RM4.88 and RM3.66 sen. Metronic and RCE lost 0.5 sen to 17 sen and 90 sen.

Stop-loss action will have to be undertaken soon as well as share swaps for those who have been following my postings.

Hope Dow is positive tonight.

Heartsong

Hopeless Week at Bursa

CI tumbled another 3.36 points to bring it lower to 1386.64. Losers booted gainers 534 to 291. Volume diminished to 1.01 billion worth RM1.81 billion. Possibly more buying of blue chips by bargain hunters. Digi continued to attract buying interest climbing 85 sen; Newly-listed HSPlant,added 42 sen while Kramat gained 40 sen. Petgas moved up 30 sen. SOP lost 40 sen and Petdag slided 25 sen. The Store lost 24 sen and HSL declined 20 sen.

The portfolio lies in semi comatose. Genting dropped 10 sen to RM7.85, BJ Sports Toto gave up 10 sen as well to RM4.90. Resorts declined 4 sen to RM3.68; while Welli stooped lower, losing 1.5 sen to 79.5 sen. RCE stumbled and fell 0.5 sen to 90.5 sen. KHSB slided 2.5 sen to 97 sen and Metronic closed unchanged at 17.5 sen.

We may yet have hope next week if those on Wall street are less panicky.

Heartsong

Eulogies for Bursa

Eulogies, anyone?

A no-hoper market, Bursa continued to confirm that pariah status.

Went down 9.42 in this morning session. It was a red letter day in reverse for most investors. CI was at 1380.58 and losers kicked butt, hammering gainers 579 to 153. Blue chip dumping possibly by foreign funds. Volume was at 520 million shares worth 886 million ringgits. Share volume shows a small decrease. Not a very promising sign.

Gainers were Digi topping up another 85 sen; KLK adding 30 sen;LCL moving up 20 sen and MPHB gliding upwards 18 sen. Losers were SOP down 40 sen;Petgas losing 30 sen;Tanjong sliding 30 sen and MISC dropping off 30 sen as well.

The portfolio was thoroughly shattered. Genting was shot down 20 sen to RM7.75. BJ SportsToto declined 8 sen to RM4.92;Resorts dumped 2 sen to RM3.70; Welli submerged again, this time down 1.5 sen to 79.5 sen. Where is its bottom? RCE dopped a sen to 90 sen while KHSB dropped another 3 sen to 96.5 sen. Meanwhile, Metronic stood on its overnight level of 17.5 sen.

Expect more mourning in the afternoon.

Heartsong

Baloney slicing at Bursa!

So, the Dow continues to plague and world markets continue to plunge. What a con game!

So what does an intrepid investor do after positioning himself earlier on? Would it benefit to average down all the time? Perhaps if you are buying some solid counters like Resorts World or RCE. Other than that, what about Metronic which is behaving like a monkey on a low bough refusing to let go? Or even KHSB which may bounce up when the weatherman says all looks good? How about Genting, the behemoth and goliath which is being sold down the river? And Welli, the subterranean aquaman diving lower into the ocean trench each passing day. Is there hope?

The CI was sliced baloney-style by another 10.53 points. It is now standing at 1371.82. Good level. Gainers were trampled underfoot by urukai and orc losers 564 to 180. Volume was fair at 546 million shares valued at 713 million ringgits. The indicator-dwindling but holding fast to perhaps a dying bull posture.The gainers included BAT flying up a miserable 25 sen;Nestle foaming up 20 sen; Mahsing massing support to move up 13 sen and MPHB gliding up 12 sen. Losers,interestingly included DFZ which went up high ho yesterday only to drop 38 sen this morning. What a silly yoyo counter. KLK leached off 40 sen, SAAG slipped 30 sen and Bursa degraded itself 20 sen.

The portfolio went to Hades as well. Genting lost 10 sen to RM7.85;Welli sprung another leak and lost 2.5 sen to 81 sen; RCE slipped 1 sen to 90.5 sen while KHSB and BJ Sports Toto both lost 2 sen each to RM1.03 and RM4.84 accordingly. Metronic, in true orang-utan style moved down the branch by 0.5 sen to 17 sen. Resorts held steady at its overnight level of RM3.68.

This afternoon's performance is anybody guess.

The lady above has that knowing look. Perhaps we should ask her!

Heartsong

Put To Pasture

The market ended losing some 19.9 points reducing the CI down to 1382.35. 674 losers strangled 188 gainers. Volume is still good at 1.09 billion worth RM1.75 billion. If not for the volume and value, I would say Bursa has been put to pasture.

Gainers were DFZ after moving downhill all of the earlier sessions when the bulls were up. It perked up 32 sen. Public Bank took in 30 sen and KLK, a similar amount. Asiatic went up 20 sen. Losers were cell operator Digi dropping 8o sen, BAT;75 sen, IOIProp;60 sen and Tanjong;50 sen

The portfolio was morose and dismal. Except for Metronic which added 0.5 sen to 18 sen, the rest were either at their overnight level (Genting at RM7.95 sen) or losers. Welli sunk below the Marianna Trench to touch a new historical low of 83.5 sen, losing some 3 sen. KHSB surrendered 2 sen to RM1.03 while. BJ Sports Toto returned 6 sen to the market. Losing big time was Resorts shaving off 10 sen to RM3.68. RCE was off 2 sen to 91.5 sen.

A drubbing that is what baby Bursa got- six of the best from Uncle Sam.

So what do you do when you are defeated? Lie down just like our friendly bear and take in the cool Arctic air.

Hope Dow will not be chilly tonight.

Heartsong

Beware the Bear!

That is a big wink there!

So the bears won paws down. Wall Street kaputed and world markets went on a harakiri binge. Little baby Bursa, now in Pampers, cried and lost 22.3 points pushing the CI down to 1381.47. Losers were in control lyching gainers 749 to 89. Gainers were strange bedfellows such as MFlour adding 23 sen,Cepco tacking on 20 sen,Asiafile putting on 15 sen and Time earning 13 sen. Losers were Digi down 80 sen,Parkson dropping 55 sen, Tanjong sliding 50 sen along with bellwether Bursa.

Portfolio fell like a batu. Genting shrunk 10 sen to RM7.85, Resorts lost 10 sen to RM3.68 and BJ Sports Toto declined 6 sen to RM4.86. Welli swam to the river bottom losing 2.5 sen to another all-time low of 84 sen while RCE gave back 3 sen to 90.5 sen. Metronic started well but succumbed to selling pressure losing 0.5 sen to 17 sen. Meanwhile KHSB threw out 4 sen to RM1.03.

All is not quiet in the Eastern front. It will be bloody with the sub-prime hydra on the loose in US.

Meanwhile, play safe.

Heartsong