Bloody Massacre

As expected bargain hunting by some fund managers help lift prices on some blue chips to bring down the loss on the CI. At the close, CI lost 44.21 points to 1207.61. Volume was fair at 1.52 billion worth 3 billion ringgits. Losers wiped out gainers 1066 to 41. Gainers were BAT which added only 25 sen; Asiatic which managed to recover 10 sen after a huge fall yesterday, Hwa Tai which tacked on 8 sen and BHIC which brought in 5 sen. Losers are the who's who on the bursar. Sime Darby lost 75 sen. Muhibbah lost 70 sen as well. Public Bank lost 40 sen while Maybank was lower by 30 sen. Transmile dropped 44 sen and UEM World gave back 30 sen.

The portfolio stocks were squashed into congee and soups. Genting rolled the dice and lost 40 sen to RM6.80,Resorts World lost to player by 28 sen and BJ Sports Toto dwindled by 20 sen. JAKS dropped 6.5 sen to 77 sen while RCE lost 9 sen to 73 sen. Welli was one tough nut maintaining the price level of RM1.01 and RM1.02. I think there is a definite collector all day. Metronic declined by a sen to 16.5 sen.

Most future indexes and European markets are trading in the red now. I expect Dow to go red tonight from the word,''Go."

Heartsong