Let's Follow Uncle Sam!So today, Uncle Sam takes over from Shanghai. The expected slow growth of the U.S. economy was announced. It was off by 0.6% from the the estimates of the government. Wall Street tumbled down. An expected increase hike in interest in Europe also caused European stocks to fall in tandem.
So what does Bursa do but to follow the leader. The composite index went down by 8 points to close at 1,364 points. The market leader was Proton which upped 60 sen. Most stocks slumped initially but recovered.
Genting was flat at RM8.10 and RCE was up 2 sen to 94.5 sen. KPS added 2 sen to RM1.32 and Resorts added 2 sen to RM3.26. However, BJ Toto lost 6 sen to RM4.82.
Metronic was off by 1.5 sen to 38 sen. However the volume traded moved up to 506,000 shares. From the 2006 Annual Report of Metronic, it is confirmed that the company would not be declaring any dividend for the year 2006.
Not a magical day. Maybe tomorrow......
Heartsong
So what does Bursa do but to follow the leader. The composite index went down by 8 points to close at 1,364 points. The market leader was Proton which upped 60 sen. Most stocks slumped initially but recovered.
Genting was flat at RM8.10 and RCE was up 2 sen to 94.5 sen. KPS added 2 sen to RM1.32 and Resorts added 2 sen to RM3.26. However, BJ Toto lost 6 sen to RM4.82.
Metronic was off by 1.5 sen to 38 sen. However the volume traded moved up to 506,000 shares. From the 2006 Annual Report of Metronic, it is confirmed that the company would not be declaring any dividend for the year 2006.
Not a magical day. Maybe tomorrow......
Heartsong
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