Tumble-down Thursday at the Bourse

Dead Duck Day

Maybe it is Wall Street as usual than spook buyers.

May be its Spain's sovereign downgrade to BBB-

Maybe it is a fall in Japan's manufacturing output.

Whatever, Bursa KL  was sent to the ICU.

Except for a few brights parks like Pharmaniaga, most counters took a dive into the Red Sea.

Tee Hee!! The Bear Drubs the Bull

Tomorrow is Friday. Expect worse.

For me, I am keenly looking at YTL Power, YTL Corp and Digi.

In spite of an analyst call for a downplay on telcos, I believe the competition for prepaid cards which has been started by Digi has seen competitive counter offers from Celcom and Maxis. I expect more upside for telco counters such as Digi, Axiata and Maxis.