Expect a Dull DayDoesn't look good. Index opened at 1,357.27 for a 0.39 points fall. Stemlife continued its upward movement adding 30 sen. Others that made good gains included BAT,NSOP and Latexx. Losers include SAAG, Guoco and Maybank.
Market leaders like Genting and Resorts are still in limbo. Resorts is at its overnight level while Genting upped 5 sen. KPS added a sen. POS was at its overnight level and BJ Toto gave up 2 sen. Similarly RCE gave up 0.05 sen and Metronic reduced 1 sen.
I expect a no-go market. Classic situation where there are really no great market news to bring both the investors and the short term punters vigorously into tandem play.
True to my gut feelings, the market is ''bolat''. Hokkien for ''no strength'' Ended at 1,360.58 for a 2.9 points gained. The counters I am tracking fared badly. RCE dropped 3 sen, KPS lost a sen, Resorts was worse off by another 2 sen to scrape a new low of RM3.18 and even BJ Sports Toto lost 4 sen to RM4.80. Similarly Metronic lost 1.5 sen to 38 sen and POS gave up 2 sen to RM4.28. Only a solitary Genting put on 10 sen to RM8.00.
Major gainers included BAT which put on RM1.50; Tanjong which added 30 sen and Kian Joo which upped 25 sen. Sad and sorry losers were SAAG with a ringgit loss, Guoco; shedding 36 sen and LCL down 35 sen.
A really louya market, if there ever was one. I think fund managers are taking a breather especially not knowing how Wall Street will perform in the short term. So time to play golf, write a few emails to old friends and perhaps time to catch up on your reading.....
Heartsong
Market leaders like Genting and Resorts are still in limbo. Resorts is at its overnight level while Genting upped 5 sen. KPS added a sen. POS was at its overnight level and BJ Toto gave up 2 sen. Similarly RCE gave up 0.05 sen and Metronic reduced 1 sen.
I expect a no-go market. Classic situation where there are really no great market news to bring both the investors and the short term punters vigorously into tandem play.
True to my gut feelings, the market is ''bolat''. Hokkien for ''no strength'' Ended at 1,360.58 for a 2.9 points gained. The counters I am tracking fared badly. RCE dropped 3 sen, KPS lost a sen, Resorts was worse off by another 2 sen to scrape a new low of RM3.18 and even BJ Sports Toto lost 4 sen to RM4.80. Similarly Metronic lost 1.5 sen to 38 sen and POS gave up 2 sen to RM4.28. Only a solitary Genting put on 10 sen to RM8.00.
Major gainers included BAT which put on RM1.50; Tanjong which added 30 sen and Kian Joo which upped 25 sen. Sad and sorry losers were SAAG with a ringgit loss, Guoco; shedding 36 sen and LCL down 35 sen.
A really louya market, if there ever was one. I think fund managers are taking a breather especially not knowing how Wall Street will perform in the short term. So time to play golf, write a few emails to old friends and perhaps time to catch up on your reading.....
Heartsong
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