Today, Europe launched another stinker of a bugbear.
This time it is Italy. The PM has called it quits. The economy is fast stalling and the government may not be able to be liquid enough to pay its impending debts. So, bond prices in Italy went beyond the so-called unsustainable 7% level.
Pandemonium struck again at most global markets erasing recent gains as fears abound about the potential break up of the Euro currency market.
Bursa KL is also not spared, losing 17 points currently.
For Digi, it is as good a time to take that much needed rest.
Falling to RM33.90 at one point, Digi is now trading in crimson waters just above the RM34.00 level.
The likelihood is Digi will end in red waters. And so it did, at RM34.00 for a 16 sen loss.
November 10, 2011
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