Saturday, July 28, 2007

Dow Jones Industrials Average plunged 311.5 points!!!

On Thursday, the Dow Jones Industrials Average plunged 311.5 points, or 2.26%, to close at 13,473.6. The New York Stock Exchange imposed trading curbs as the index tumbled as much as 430 points in the afternoon session. Thursday's sharp falls had already been preceded by a sharp decline of 226 points for the Dow on Tuesday, leading many to worry of more weakness ahead.
On Friday, the KLCI opened sharply lower and stayed in deep negative territory. At its lowest point, the index fell as much as 33.6 points, but recovered part of it to end 26.1 points or 1.9% lower at 1,355.4. On a positive note, losses here were lower than many of its regional peers. Declining stocks outweighed advancing ones by a hefty 6-to-1 ratio on volume of two billion shares.

Property share increase and remain active.

It is time to look at Monday klse point and probably can top up good counter.

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