Monday, October 29, 2007

Beyond 1400

Like the battle-cry of Buzz Lightyear-To Infinity and Beyond; Bursar crossed the psychological 1400 level. By noon, buying took the CI to 1406.16,up 7.81 points. It was a blue-chip driven run as most speculative stocks fell by the way receded to their overnight levels.

Bursa shot through the RM15.00 mark adding 90 sen while Asiatic rose 45 sen. KLK was not far behind with a 40 sen gain while Landmarks saw fresh buying support to rise 32 sen. Losing were Parkson dropping 35 sen, PPB; 20 sen, RHBCap dropping 20 sen and Suncity sliding 15 sen.

The portfolio was unimpressive. Genting rose 5 sen to RM8.45 while Resorts topped up 8 sen to RM3.88. KHSB also improved 1.5 sen to 99.5 sen while RCE added a sen to 93 sen. BJ SportsToto and Metronic were unchanged at RM5.50 and 18 sen respectively. Welli tumbled 1.5 sen to 89 sen.

Will the afternoon see a fresh wave of buying support to buoy the speculatives?

As we watch, let us be charmed by the delectable Halle Berry.

Heartsong



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