The Blue Chips Knocked Out the BearsYes, talk about market resilience. It started well, turned bad and finished pretty well, I should say. So the fund managers are still in, pushing the blues skywards. I hope this can be sustained especially with the Columbus Holiday in US and the impending Raya flight from the market. Pretty difficult would be my first reaction.
CI was better by 5.25 points to 1369.39. Losers and gainers was about matched 423 to 416. Volume continues to be good at 1.7 billion shares worth RM1.93 billion. Foreign funds presence?
Gainers were led by William Cheng's Lion Div and Parkson drawing gains of 96 sen and 75 sen respectively.Commerce also came in with handsome gains of 40 sen and so did Sime with an equal amount. Losers were big boy BAT losing 50 sen;Aeon dropping 40 sen and Bintulu Port and CIMA both losing 30 sen.
The portfolio was mixed to easier. RCE Capital added 2.5 sen on renewed support to 92.5 sen while Resorts increased 2 sen to RM3.86. Genting meanwhile lost 5 sen to RM8.10 while BJ Sports Toto declined 4 sen to RM4.82. Super speculative stock JAKS went down a sen to RM1.18 while KHSB slided 2.5 sen to 97.5 sen. Elsewhere, AMDB weakened to 47.5 sen losing 2 sen while Metronic slipped by half a sen to 16 sen. Welli also lost a sen to 96 sen.
If Dow Jones tonight can hold steady, then Bursa will go sideways. If Dow goes down, it is very likely Bursa will follow because of the advent of heavy scrip delivery and the midweek day when fund managers will leave for Hari Raya Puasa Aidil Fitri celebrations at their respective kampungs.
Anyway, the sudden appearance of blue chip buying in the afternoon trounced the bears. As depicted by the picture above, they are lean and hungry.
Be careful.
Heartsong
CI was better by 5.25 points to 1369.39. Losers and gainers was about matched 423 to 416. Volume continues to be good at 1.7 billion shares worth RM1.93 billion. Foreign funds presence?
Gainers were led by William Cheng's Lion Div and Parkson drawing gains of 96 sen and 75 sen respectively.Commerce also came in with handsome gains of 40 sen and so did Sime with an equal amount. Losers were big boy BAT losing 50 sen;Aeon dropping 40 sen and Bintulu Port and CIMA both losing 30 sen.
The portfolio was mixed to easier. RCE Capital added 2.5 sen on renewed support to 92.5 sen while Resorts increased 2 sen to RM3.86. Genting meanwhile lost 5 sen to RM8.10 while BJ Sports Toto declined 4 sen to RM4.82. Super speculative stock JAKS went down a sen to RM1.18 while KHSB slided 2.5 sen to 97.5 sen. Elsewhere, AMDB weakened to 47.5 sen losing 2 sen while Metronic slipped by half a sen to 16 sen. Welli also lost a sen to 96 sen.
If Dow Jones tonight can hold steady, then Bursa will go sideways. If Dow goes down, it is very likely Bursa will follow because of the advent of heavy scrip delivery and the midweek day when fund managers will leave for Hari Raya Puasa Aidil Fitri celebrations at their respective kampungs.
Anyway, the sudden appearance of blue chip buying in the afternoon trounced the bears. As depicted by the picture above, they are lean and hungry.
Be careful.
Heartsong
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