Falling Stars

Falling with a Thud!

The last two days were really nail-biting misery for many.

There was  that huge fall at the end of January.

On Monday, it went down, then it steadied a bit on Tuesday.

Today it went down almost 20 points.

Let us see the performance of some falling stars.

At the end of December, Public Bank  was rising steadily to RM 16.26. Looking at today's price of RM 15.74, that is a fall of 3.3%. As for PPB it was RM 13.26 at its height in December 2012. Today it is sitting at RM 12.16 representing a fall of 7.6%.

Let us look at Dig.com. Its' height was at RM 5.33. Today it has gone way,way down at RM 4.66 and that is a percentage loss of 12.6%.

Axiata also did not perform. From its height of RM 6.70, it has lost 8% of its share value to RM 6.16.

Let's look at two more conglomerates. MRCB went down from RM 1.61 to RM 1.25. This is a decline of  36 sen or 22% loss.

Then what about DRB? Not spared as well. From its height of RM 2.70, it is today at RM 2.55,  That's a haircut of 5.5%.

Finally let us look at YTL Corp. It falling on its face. From a height of RM 1.77 in December, it is now at a low ebb of RM 1.58 .This meaning a shaving of  10.7%.

With only two trading days left before CNY, I think there will be a visible lack of buyers.

That means bears will be on a bargain rampage to bring down prices.