Thursday, June 14, 2007

Does KPS stands for...?


After the last hour hectic burst of buying yesterday, KPS went up 7 sen to RM1.65 this morning before closing the day at RM1.51 for a 7 sen loss. Could not lekat....Viagra-deficient?

Is this the start again of the on-and-off yoyoing KPS's Kepala Pening Sindrom? Hope not. Surely, there must be some fuel out there fanning the prices heavenward for both KPS and KHSB.

Market ended at 1,357.18 up 4.2 points. Gainers included DIGI which upped RM1.20, BAT which gained 75 sen and Aeon which put on 50 sen. Losers were Welli with a loss of 73 sen; and KNM which lost 50 sen.

Tracked stocks gave a mixed performance. RCE put on 4.5 sen to move up to 94 sen while BJ Toto lost 6 sen to RM4.72. POS was better 2 sen but Metronic lost 0.5 sen. Genting gave up 15 sen while Resorts was flat at RM3.18.

Metronic has announced that its bonus share exercise should be completed by July 2007. I expect the shares to go up as a tranche of new shares will be traded before the transfer and bonus issue exercise.


Heartsong

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