Defensive Kungfu

So, what do you know. Bursa kicked back to finish on greener pastures. By almost 4.30 PM, it was all at sea,totally lost. Then, somehow along the way, it got back its compass to survive and wham, it leaped back into positive territory.

CI added 2.01 points to close at 1374.39. Good show! Gainers smacked the losers 444 to 409. Volume was increasingly good at 1.7 billion shares totaling RM2.2 billion-a ballooning and evident fact of foreign funds involvement. Keep up the show,boys!

Gainers were led by cellular operator Digi adding 50 sen, Bursa followed closely with a 50 sen gain while Petdag and KFC were close at their heels with a 35 sen gain each. Losers were CIMA, dropping 35 sen and WCT and Parkson losing 30 sen each. MAS went down 20 sen.

A look at the portfolio. Nothing to shout about but very much better than its intra-day lows. Resorts World recovered to add 2 sen to RM3.80 and Welli added 0.5 sen to 94 sen.BJ Sports Toto(RM4.92),RCE(94 sen),KHSB(RM1.01) and Metronic (17.5 sen) all ended at their overnight levels. Goliath size Genting improved to close off 5 sen at RM8.00.

If Dow tonight ends up, the stage will be set for a likely big bull stampede tomorrow.

Let the fun begins!

Heartsong