When can Bursa do Something Right?

'Bungling through' is a better way to describe the actions of Bursa Malaysia than 'muddling through'. First, they do this, then the do that.

Let us reflect what they have done lately. First they changed the index so that you cannot compare it with past performance. Then they change the price margin between trades, almost across the board,save for those high value shares that many cannot trade in.

The result is plain to see. Few foreigners returned. There is little momentum in price movements. Whenever there is a spike, attrition activities bring it right down to almost where it started. Some shares continue to be speculative and yo yo from week to week. Case in point-Time Engineering, RCE, YTL-E Solutions, Redtone and 3A.

The trend of attrition is caused also by board lots of 100 shares. Every time, a minimal board lot gets traded down the price continuum, the shares fell if there is lack of support.

So, expect the market to be like this until the year ends.

Poor Bursar. If only they have a crystal ball to gaze upon to do things right.