It's a Blast!

Bursa staged a double digit gain of 10.82 points to push the CI to 1364.37. With a good Friday Dow, a proverbial grenade exploded sending gainers to overtake losers on this rare occasion;457 to 327. Volume was 860 million shares valued at RM1.12 billion. A wee smaller volume. Value remains fair.

Among gainers, Digi rebound RM1.00, BAT flew 75 sen;CBIP tacked on 55 sen while Parkson leap 50 sen. Losers were led by troubled automotive manufacturer Proton which lost 22 sen to RM3.82, SAAG and KFC which went down 15 sen and UBB which slided 14.5 sen.

Resorts was the portfolio star adding 18 sen to RM3.80;Genting added 5 sen to RMN7.80;BJ Sports Toto upped 4 sen to RM4.96 while RCE added a sen to 86 sen. Welli dropped 1.5 sen to 70.5 while KHSB lost 0.5 sen to 94.5 sen. Metronic was galvanized at its overnight price at 17 sen. Fair performance.

The Dow tonight will determine whether the CI can go further tomorrow or whether it will retreat like Napolean from Russia.

Heartsong