Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Thursday, May 14, 2009

Bloody May Day

Malaysian property and steel stock counters succumbed to heavy selling today following Wall Street slide on disappointing US retail figures.

E & O continue to fall, losing 4% from 87.5 sen to 84 sen. SP Setia, Sunrise, IGB all posted losses in their shares price.

Local steel counters Kinsteel, Lion Ind registered 9% and 10 % slide to 83sen and RM1.27 respectively. Ann Joo and Southern Steel shares price dropped by 2% and 5% respectively.
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