The Piece d' Resistance!The market remained strong throughout the day despite some mild selling pressure before the close. CI remained entrenched at 1376.93, up 7.54 points. Losers and gainers were about even, 414 to 445. Volume continues to be good at 1.62 billion shares worth RM2.24 billion ringgits. Heard some rumours, elections will be called shortly and that is why Bursa must show strength from now on.
Gainers were led by bellwether stock Bursa which catapulted up 60 sen, Asiafile with good filings moving up 50 sen, Parkson selling up by 50 sen and BHIC gaining 44 sen. Bintulu Port lost 50 sen. Lion Div gave back 44 sen. Tenaga went down 15 sen and SPSetia slipped 15 sen.
The portfolio performed dismally when profit-takers scaled down prices at the end of the session. Genting lost 10 sen to RM8.00 while Resorts dropped 4 sen to RM3.82. Meanwhile RCE and KHSB both slided 1.5 sen to 90.5 sen and 96 sen respectively. AMDB also went down by 2 sen to 45.5 sen. BJ Sports Toto sat tight at its overnight level of RM4.82. On the winning side,Welli added 0.5 sen to 96.5 sen and JAKS added a sen to RM1.19. Meanwhile, Metronic took the show, adding 3 sen to 19 sen on a volume of some 16 million shares. Metronic should go up tomorrow or during this dull week since it was sleeping like a rubber log through out the mini bull run.
I expect the market to be quiet and dull except for a few speculative stocks like JAKS and Metronic.
Volume and value should come down.
Heartsong
Gainers were led by bellwether stock Bursa which catapulted up 60 sen, Asiafile with good filings moving up 50 sen, Parkson selling up by 50 sen and BHIC gaining 44 sen. Bintulu Port lost 50 sen. Lion Div gave back 44 sen. Tenaga went down 15 sen and SPSetia slipped 15 sen.
The portfolio performed dismally when profit-takers scaled down prices at the end of the session. Genting lost 10 sen to RM8.00 while Resorts dropped 4 sen to RM3.82. Meanwhile RCE and KHSB both slided 1.5 sen to 90.5 sen and 96 sen respectively. AMDB also went down by 2 sen to 45.5 sen. BJ Sports Toto sat tight at its overnight level of RM4.82. On the winning side,Welli added 0.5 sen to 96.5 sen and JAKS added a sen to RM1.19. Meanwhile, Metronic took the show, adding 3 sen to 19 sen on a volume of some 16 million shares. Metronic should go up tomorrow or during this dull week since it was sleeping like a rubber log through out the mini bull run.
I expect the market to be quiet and dull except for a few speculative stocks like JAKS and Metronic.
Volume and value should come down.
Heartsong
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