Bursa Stand-off?

The market proved resilient in the afternoon reducing the loss on the CI from a earlier 9 point loss to only 3.53 points loss when market closed. CI finished at 1415.81. Gainers sailed through beating losers 429 to 359. Volume continues to be low at 779 million shares worth 1.55 billion ringgits. Attributed again to Sime Darby.

There was a mixed bag of gainers. IJM, together with TM, added 40 sen. KNM and Equine both improved 35 sen each. The losers were Sime Darby losing all of yesterday's gain of 50 sen;DFZ,CIMA and Bursa lost 30 sen each.

The portfolio was not too bad with Genting scoring a 10 sen gain ex-dividend. It finished at RM7.80. Renewed buying interest also spurred KHSB and RCE to add 3 sen each to 88.5 sen and 88 sen accordingly. BJ Sports Toto lost 5 sen to RM5.00 while Resorts World ended 2 sen less at RM3.84. Welli was off 3 sen at 56 sen and Metronic downed another 0.5 sen to 15.5 sen.

Good day at the Bursa.

Heartsong