Mostly local support...I believe the foreign fund managers are still selling into strength. I believe the Hari Raya run is intact. I believe the well-heeled politically punters are in for a good short game. So watch out for volume play. And watch out for the blue chips that is normally supported by PNB and EPF such as Maybank, TM,TNB,PBB,Commerce, Sime and other plantation stocks.
Also expect them to play construction and property stocks particularly UEM stable companies, Equine and MRCB.
Market close marginally higher at 1320 points, up 3.71 points. Gainers lost to losers 328 to 311 .Volume has also shrunk somewhat a wee bit to 427 million shares worth RM 651 million. Among gainers were heavy weight BAT jumping up 75 sen, Digi putting on 60 sen;WCT topping up 40 sen and Sime Darby ascending 40 sen as well. Losers were hardly traded UEM-stabled Pharma losing 32 sen, AHPlant dropping 20 sen, Commerce sliding 20 sen and TNB dimming off 10 sen.
Portfolio was mix. Genting continue climbing, this time adding 25 sen to RM7.95. Resorts added 2 sen to RM3.92 while RCE added 8 sen to 95.5 sen. At their overnight levels were comatose Metronics at 16 sen, AMDB at 38.5 sen,KHSB at 87 sen and Welli at 96 sen. JAKS dropped a sen to 80 sen.
GLCs may still be support-buying the so-called royal blues but generally I expect more profit taking in the afternoon to trim gains. Speculative stocks may be lower at the close.
Heartsong
Also expect them to play construction and property stocks particularly UEM stable companies, Equine and MRCB.
Market close marginally higher at 1320 points, up 3.71 points. Gainers lost to losers 328 to 311 .Volume has also shrunk somewhat a wee bit to 427 million shares worth RM 651 million. Among gainers were heavy weight BAT jumping up 75 sen, Digi putting on 60 sen;WCT topping up 40 sen and Sime Darby ascending 40 sen as well. Losers were hardly traded UEM-stabled Pharma losing 32 sen, AHPlant dropping 20 sen, Commerce sliding 20 sen and TNB dimming off 10 sen.
Portfolio was mix. Genting continue climbing, this time adding 25 sen to RM7.95. Resorts added 2 sen to RM3.92 while RCE added 8 sen to 95.5 sen. At their overnight levels were comatose Metronics at 16 sen, AMDB at 38.5 sen,KHSB at 87 sen and Welli at 96 sen. JAKS dropped a sen to 80 sen.
GLCs may still be support-buying the so-called royal blues but generally I expect more profit taking in the afternoon to trim gains. Speculative stocks may be lower at the close.
Heartsong
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