Fortitude amidst Madness

Bursa showed resilience again when the fun managers dumped the Synergy Drive counters and knocked out MAS. CI took a beating on the opening bell. By the noon close, CI was so much better at 1361.44 points down a marginal 5.5 points. Losers beat up gainers 445 to 249. Volume is good at almost 600 million shares while value is very good at RM 844.5 million.

Hexagon led the gainers adding 62 sen followed by UMW with a top-up of 30 sen. BHIC advanced 26 sen to 26 sen and so did SHL. Losers were losing 50 sen;DigiCIMA also dropped 50 sen while MISC and SPSetia dropped 25 sen each.

Portfolio was about fair. JAKS went up 7 sen to RM1.07, KHSB up 4.5 sen to RM 1.04, Welli and Resorts up 2 sen each to RM1.04 and RM4.00 respectively. Meanwhile, RCE managed to add a sen to 91 sen. AMDB lost 0.5 sen to 41.5 sen, Genting lost 5 sen to RM8.40 and BJ Sports Toto lost 6 sen to RM4.94.

I hope the market will close positive at the close as belated bargain hunters may be in for the run.

Heartsong