One Tough Cookie!

So Bursa has finally come of age. Shrugging a dismal Wall Street performance, it moved on its own steam. Call it whatever you want-the ringgit factor and foreign funds or is it the ramped-up action of the GLCs to signal the forthcoming general elections.

The CI was up again to a new high of 1492.60, up 2.86 points. Gainers were slightly ahead of losers 361 to 338. Volume continues to be good at555 million shares with a value of RM1.41 billion. The gainers were lead by Chin Teck tacking on a 45 sen agin;LCL adding 40 sen;Bursa gaining 30 sen and PPB upping 20 sen. Losers included Gamuda which lost 20 sen along with BKawan while Boustead and F&N decreased 15 sen each.

The portfolio was so-so. Genting moved up 15 sen to RM7.90,Resorts World added 6 sen to RM4.10;Metronic added 0.5 sen to 16 sen but KHSB surrendered a sen to RM1.02 while RCE was off 0.5 sen to 89.5 sen. BJ Sports Toto lost 5 sen to RM5.25 while Welli declined 1.5 sen to 55.5 sen.

Will Bursa continued with its stance this afternoon?

Heartsong