Doldrum Trading DayAfter a night of fun, you get up with a hang-over. Today is that hang-over day. The Composite Index is hardly up, adding 4.5 points to 1,376.79.
Let us look at the tracked stocks. I have decided not to track POS Malaysia because of the Transmile imbroglio which wis such an albatross around the neck of this stock reducing its upside even with the capital pay-back of RM1.50. My guess is POS will definitely dump its 15% stake in Transmile the first chance it gets to protect its investment value before more worms should come out of Transmile. It closed at RM4.2o.
BJ Toto went up to RM5.05 today for an 13 sen gain. Volume was huge at 7.6 million shares. KPS continued its ascent to RM1.65 for a 2 sen gain. It did touch an intra-day high of RM1.70. Meanwhile RCE lost 0.5 sen to 99.5 sen.Resorts was good,adding 12 sen to RM3.44. Genting was flat at RM7.95 and JAKS was a sen lower at 78.5. Good price to stabilise at since it has been moving non-stop from the 60 sen level. A likely ''shadow'' KPS in the making? Yes, and much, much more as it moves overseas as an oil and gas player. Metronic was flat at 38.5 sen but with good volume.
A so so day at the stocks. Hopefully tomorrow will see the market lifting itself from its stupor and lethargy .
Heartsong
Let us look at the tracked stocks. I have decided not to track POS Malaysia because of the Transmile imbroglio which wis such an albatross around the neck of this stock reducing its upside even with the capital pay-back of RM1.50. My guess is POS will definitely dump its 15% stake in Transmile the first chance it gets to protect its investment value before more worms should come out of Transmile. It closed at RM4.2o.
BJ Toto went up to RM5.05 today for an 13 sen gain. Volume was huge at 7.6 million shares. KPS continued its ascent to RM1.65 for a 2 sen gain. It did touch an intra-day high of RM1.70. Meanwhile RCE lost 0.5 sen to 99.5 sen.Resorts was good,adding 12 sen to RM3.44. Genting was flat at RM7.95 and JAKS was a sen lower at 78.5. Good price to stabilise at since it has been moving non-stop from the 60 sen level. A likely ''shadow'' KPS in the making? Yes, and much, much more as it moves overseas as an oil and gas player. Metronic was flat at 38.5 sen but with good volume.
A so so day at the stocks. Hopefully tomorrow will see the market lifting itself from its stupor and lethargy .
Heartsong
No comments:
Post a Comment