Inadequate Response!So along with the world bourses, Bursa responded with a gung-ho stance, putting on 50 points on the outset. By lunch-time almost half has been frittered away. Profit takers will take this as an opportunity to release holdings because nothing good is happening on Wall Street. Gravity in fact is strong on Wall Street!
From the looks of it, the ramped -up is again the work of GLCs propping up the CI for a show that all is well in Malaysia and time for the general election is at hand.
The CI closed at noon up 26.95 points to 1381.43. Losers were behind gainers 165 to 660. Volume of shares traded was 872 million shares valued at RM 1.71billion.
The gainers included BAT which zoomed up 75 sen,Bursa which shot up 70 sen, Digi which rang in 50 sen and Sime Darby which rose 50 sen. The losers were Nestle dropping 50 sen and Signature, Cepco and IOIProp all losing 20 sen each.
The portfolio went with the flow. Genting added 30 sen to RM7.40 while Resorts added 6 sen to RM3.66. KHSB upped 3 sen to 87.5 sen while RCE added 5 sen to 80 sen. Welli was unchanged at 53 sen while Metronic was better 0.5 sen at 13 sen. BJ Sports Toto added 17 sen to RM5.15.
Afternoon should see more profit taking.
Heartsong
From the looks of it, the ramped -up is again the work of GLCs propping up the CI for a show that all is well in Malaysia and time for the general election is at hand.
The CI closed at noon up 26.95 points to 1381.43. Losers were behind gainers 165 to 660. Volume of shares traded was 872 million shares valued at RM 1.71billion.
The gainers included BAT which zoomed up 75 sen,Bursa which shot up 70 sen, Digi which rang in 50 sen and Sime Darby which rose 50 sen. The losers were Nestle dropping 50 sen and Signature, Cepco and IOIProp all losing 20 sen each.
The portfolio went with the flow. Genting added 30 sen to RM7.40 while Resorts added 6 sen to RM3.66. KHSB upped 3 sen to 87.5 sen while RCE added 5 sen to 80 sen. Welli was unchanged at 53 sen while Metronic was better 0.5 sen at 13 sen. BJ Sports Toto added 17 sen to RM5.15.
Afternoon should see more profit taking.
Heartsong
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