Bursar Does its Magic!

For David Copperfield, it may be the end of the rope for him if he cannot make the charges of sexual misconduct against him disappear soon. But Bursa, surprisingly did some magic in the afternoon session. Though the volume of shares and its value is about the same, gainers beat losers to give the market a wide berth for trading tomorrow. There were 504 gainers compared to 319 losers. CI climbed up to heaven, adding 18.44 points to level off at 1378.27.

Those ascending stocks included Digi which added 50 sen,KLK gaining 50 sen as well and LCL gaining 40 sen.Lion Div climbed 35 sen. Losers were Pharma dropping 32 sen, Tanjong going down 30 sen and Aeon, 20 sen. E&O Property slided 17 sen.

The shadow portfolio saw celestial heaven. Genting moved up another 25 sen to RM8.20, saluting the passing of its founder. Resorts climbed back 8 sen to 3.78 after a bout of selling pressure. Welli gathered strength at about 3 pm to move up 4 sen to 91.5 sen while BJ Sports Toto rose to RM5.05 on renewed buying interest. KHSB meanwhile moved up marginally by 0.5 sen to 95 sen. Sadly Metronic and RCE could not budged from their overnight positions of 17.5 sen and 91.5 sen.

Dow should be okay tonight. If it can move into positive territory convincingly, Bursa should get back its Midas touch and spin more magic. David Copperfield, make way for the new magician on the block- Bursa! And do leave Claudia Schiffer behind for us as well!

Heartsong