Off and Running!

One of the better morning sessions. Good running start like that pair of mutts up there. CI was brought to a good level of 1334.91 by a double digit gain of 14.02 points. Gainers clobbered losers 481 to 232. Volume was fabulous at 688 million shares and value was excellent at RM1.03 billion.

Among gainers were Lion Div upping 70 sen; UMW revving up 40 sen, PPerdana

leaping up by 40 sen as well and F&N gaining 30 sen. Losing were Quality off 25 sen;DFZ dropping 16 sen, Kwantas falling 15 sen and Dutch Lady down 10 sen.

The portfolio was mixed to better. Genting continued to move upwards adding another 10 sen to RM8.10. BJ Sports Toto similarly added 10 sen ex-dividend to RM4.96. JAKS saw some action adding 2 sen while KHSB move up a sen to 94 sen. Metronic recovered 0.5 sen to 16 sen. AMDB and Resorts stayed at their overnight levels of 39.5 sen and RM3.94 sen. Meanwhile, Welli lost a sen to 95.5 sen and RCE dropped 2.5 sen to 94.5 sen.

I believe the local GLCs are still buying until a week before Hari Raya. So market should be good. With the support of Dow Jones, Bursa should move up incrementally to bring more joy to investors, day traders and speculators.

My hope is the move-up should be more broad-based and not be limited to the blue chips level.

Heartsong