On the Afternoon Watch or Sitting Ducks?

The morning showed some buying strength. A follow through is needed to bring more buyers into the market. This will allow other pale blues with good PERs to attract buying interest and the broader market to be further strengthened.

Afternoon was a washout. Most stocks slided, some tumbled. At the end of trading day, index was up 6.2 points to 1313.39. Losers thumped gainers 493 to 427. Volume of shares was 1.2 billion valued at RM1.5 billion. Gainers were as usual Muhibbah, Tongher, Digi, IOIProp, Gamuda and Pelikan with gains ranging from 25-60 sen. Losers were F&N,LPI and Nestle; all losing 20 sen each.

Portfolio performed mixed because of late sell-down.

Only Welli survived with a 12 sen gain to RM1.24. Volume is high. The game will begin soon.

Genting(RM7.60); BJ Sports Toto (RM4.96)and Metronic (19.5 sen)managed to hold on to their overnight levels.

RCE lost 0.5 sen to 90 sen while JAKS limboed down the stick to 87.5 sen,losing 3 sen

Tomorrow is anybody's guess. If Dow holds, market may be incrementally good. If Dow get snowed down again, its thumbs down and fall we will...........

Time for a beer with Homer....

Heartsong