Will Fortune Shine?

For those who waited and bought in, market reversed the losing trend and moved into plus territory before the close. Market was up 4.38 points to move up the index to 1389.11. There were 606 gainers compared to 227 losers Volume was 1.15 billion shares worth RM1.602 billion. Gainers included BAT, up 75 sen; Bursa gaining 40 sen;Tanjong upping 40 sen as well and Loh & Loh climbing 32 sen before suspension of its shares. Losers were unknowns such as CBIP and CCK. Digi lost 20 sen while E&O fell 13 sen.

Portfolio was better. Genting improved 5 sen to RM8.20, BJ Sports Toto by 4 sen to RM4.98; Resorts rising 8 sen to RM3.78 and Welli climbing a sen to 87.5 sen. RCE was also better at 94.5 sen. Meanwhile Metronic stayed at its overnight level of 17.5 sen. KHSB became a superman and rose 7 sen to RM1.02.

Tomorrow will be watershed Wednesday if Dow lends its support tonight.

Will the kingfishers fly or will they get fried?

Heartsong