Burning Hell

As expected, Bursa fell like tenpins. Greatest rout in a long time, taking the index below 1300 to 1298.01. Lost 37.4 points at the morning close.

The market was marked down a couple of shades because of widespread panic. Almost all counters turned red. Maybank was yellow, supported by some funds, I suppose. Losers included DIGI down 80 sen, BAT; down 75 sen, Commerce down 70 sen and Muhibbah; 60 sen. Gainers were Opus up 14 sen;Merge; 8 sen;Cepco up 6 sen and Ipmuda up 7 sen.

My shadow portfolio was bathing in curry mee. All capitulated and did the limbo rock.

Genting- the house loses 15 sen
Resorts- sailing down by 16 sen
BJ Toto- holding tenaciously at RM4.80, losing 4 sen
Metronic in defensive automode; dropped a sen to 20 sen
RCE lost some 6.5 sen to 87.5
JAKS down 7 sen to 86.5
Welli submerged to RM1.03

Let us see whether market will rebound 50% in the afternoon session.

Heartsong