Bursa May SneezeAfter a big dollop of Sime cream this morning, will Bursa sneeze most of it out? Big question. The re-listing of the RM50 billion behemoth pushed the CI beyond 1400 points in one grand wallop! After the initial euphoria it slided to end the morning at 1398.45, up 24.13 points.
An oasis in the bleak sands of doom, Sime was the rare camel leading a few caravans of hope. Most are in deep shit. Gainers were a mere 189 compared to 518 losers. Volume was really low while value was humungous at RM1.248 billion signifying solo trading in Sime.
Top gainers apart from Sime were Digi putting on RM1.35 sen, KNM rising 60 sen and Tenaga powering up 25 sen. Going down were IOIProp losing 90 sen; Zelan going south with a 50 sen loss;PPB dropping 35 sen and Tanjong sliding 30 sen.
The portfolio was less than fair. Genting dropped 10 sen to RM8.05, BJ Sports Toto eased 4 sen to RM4.96; KHSB losing 2 sen to 88 sen and RCE slipping 1.5 sen to 85 sen. Resorts was better 2 sen at RM3.78 and Welli was 0.5 sen better at 56 sen. Metronic was asleep at its overnight level of 16 sen.
I expect the CI to finish with about a 10 points gain after the afternoon session.
Heartsong
Top gainers apart from Sime were Digi putting on RM1.35 sen, KNM rising 60 sen and Tenaga powering up 25 sen. Going down were IOIProp losing 90 sen; Zelan going south with a 50 sen loss;PPB dropping 35 sen and Tanjong sliding 30 sen.
The portfolio was less than fair. Genting dropped 10 sen to RM8.05, BJ Sports Toto eased 4 sen to RM4.96; KHSB losing 2 sen to 88 sen and RCE slipping 1.5 sen to 85 sen. Resorts was better 2 sen at RM3.78 and Welli was 0.5 sen better at 56 sen. Metronic was asleep at its overnight level of 16 sen.
I expect the CI to finish with about a 10 points gain after the afternoon session.
Heartsong
No comments:
Post a Comment