Miserable MeltdownSo how wrong can one be. Very wrong. From a loss of something like 4 points in the morning, the market went into a tailspin and got walloped, losing big time by 12.45 points to end up at 1379.73. Losers beat gainers 583 to 389. Volume of shares traded was 2.1 billion valued at 3.2 billion. The market continued to show breadth and that is healthy. Oil and gas stocks hogged the limelight all day. The blues that took the CI down included UEMWorld, EONCap. DIGI, VADS and Naim.
The gods are angry especially Neptune who lost his trident to Welli. No wonder Welli could not stay put and went coral gazing once more losing 3 sen to RM1.30 .There was little volume and so no game-play-lah in the near future even though NCER masterplan will be unveiled soon. Genting lost all its gains ending at RM8.55 on a volume of 5.6 million shares and Resorts free-fall by 12 sen to RM4.20 on a volume of 24 million. KPS also lost its momentum and gains to settle down at its overnight level of RM1.88. Metronic sat in silence at its overnight level of 0.235 sen.
JAKS did fairly well adding 2.5 sen to 85 sen on substantial volume of 12.43 million shares. Should go some more tomorrow. Meanwhille, renewed buying buoyed AMDB to jump 5.5 sen to 47 sen. Let us see whether it can scale the 50 sen level. BJ Sports Toto was weak all day losing 5 sen to RM5.00 while RCE added a sen to RM1.08 after an intra-day high of RM1.11. I think the game is on, especially if it has to do with GE. Meanwhile Taliworks closed at its overnight leve of RM2.19.
The Dow is in positive territory now trading up in the 60-70 points range. Hope it gathers strength so that we can have one great trading day tomorrow.
Meanwhile, hold on to your stocks.....
Heartsong
The gods are angry especially Neptune who lost his trident to Welli. No wonder Welli could not stay put and went coral gazing once more losing 3 sen to RM1.30 .There was little volume and so no game-play-lah in the near future even though NCER masterplan will be unveiled soon. Genting lost all its gains ending at RM8.55 on a volume of 5.6 million shares and Resorts free-fall by 12 sen to RM4.20 on a volume of 24 million. KPS also lost its momentum and gains to settle down at its overnight level of RM1.88. Metronic sat in silence at its overnight level of 0.235 sen.
JAKS did fairly well adding 2.5 sen to 85 sen on substantial volume of 12.43 million shares. Should go some more tomorrow. Meanwhille, renewed buying buoyed AMDB to jump 5.5 sen to 47 sen. Let us see whether it can scale the 50 sen level. BJ Sports Toto was weak all day losing 5 sen to RM5.00 while RCE added a sen to RM1.08 after an intra-day high of RM1.11. I think the game is on, especially if it has to do with GE. Meanwhile Taliworks closed at its overnight leve of RM2.19.
The Dow is in positive territory now trading up in the 60-70 points range. Hope it gathers strength so that we can have one great trading day tomorrow.
Meanwhile, hold on to your stocks.....
Heartsong
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