International Donor Market

Well, the market was totally not satisficing. It was weak all over and there was absolutely no confidence to buy.

Yes, we are an international donor market. When shares rise overseas, we oftentimes do not respond. When shares fell overseas, we react. So, as you can see, we cannot benefit from world market rises but we give up billions when overseas stocks goes down. We call such a market-a sucker's market. Bursa is a sucker's market. It has no backbone and it cannot rally. It is no leader as well anywhere, globally, regionally or even in its own backyard.

Started out well by clinching 21 points, it fell by the wayside like a beggar to end 9.08 points higher by the noon close. The CI was 1299.98, a cat's whisker away from 1300. Volume of shares traded was 611 million shares with a total worth of 1.8 billion. Losers were ahead of gainers by 425 to 369.

Gainers were led by Digi; up 40 sen,Pelikan up 22 sen, Tanjong; 20 sen and PetGas; 20 sen and Berjaya Cap;16 sen. Loser were Guthrie going down 30 sen, Stemlife losing 25 sen, and Cima dropping 20 sen.

Except for Genting and BJ Toto which made a gain of 10 sen and 4 sen respectively , the others were at their overnight levels or lower.

Resorts was at its overnight level of RM3.90 and Metronic at 20 sen.

JAKS went down by a sen to 83.5 and RCE by 1.5 sen to 86 sen

Welli lost 3 more sen to RM1.02

Let us see if there are going to be magic moments in the afternoon.

Heartsong