What a sell-down in the stock market of blue chip companies...! Huge losses were registered as share prices plunged within days. Below are some of the common favourites with their losses over a week:
Maybank from RM 8.70 to 7.60 ( down 13 % ). Public Bk from 13.00 to 11.70 ( - 10 % ). GenM from 3.50 to 3.00 (- 14 %). IOI from 4.70 to 4.30 ( - 9% ). MPHB from 2.50 to 2.20 ( - 12 % ). Boustead fr 5.30 to 4.60 ( -13 % ).
My current interest is in the plantation sector so I'm watching HS Plant currently at 2.30, TH Plant at 1.90, TDM at 2.70
It would be nice to nibble in HSP at 2.00, THP at 1.50, TDM 2.00
Spot gold at USD52/gm (1,617/oz) or AUD53/gm (1,648/oz) or RM165/gm (5,131/oz)
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