Wednesday, May 23, 2007

Dumbo Day at the Stocks

Well it has gone back to dullsville right from the start. Composite index is down almost 7 points. Nothing is really moving and most are southerly bound. Genting went south once more losing 20 sen. KPS was in uncertain territory losing one sen after the Cashband announcement. Only RCE perked up to 88 sen with improved results and paying a dividend of 1 sen.

The afternoon session opened up as dull and the index went down 14 points with Transmil and IOICorp losing RM1.00 and beyond. I guess Transmile is the one that spooked the market this time around.

I expect the market to finish just as bad unless bargain hunters sppear in the last hour or so.

Heartsong

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