Fair Trading DayThe mood today is still guarded though there was some renewed buying on IOICORP to bring some 35 sen gain to the counter. Genting added 5 sen to RM8.10 while Resorts World added 2 sen to RM3.26. I believe the yoyo pricing pattern for Genting and Resorts is the result of conversion of coupon notes which were converted into shares and these were possibly dumped by those who did the conversion.
There was renewed interest once more on RCE. It did well finishing at 92.5 sen for a 4.5 sen gain. Total volume was 14.2 million shares. I think the new parties are buying more of this counter because of the good results of 2006.
KPS added 2 sen to RM1.30 on a volume of 3.6 million shares. I believe this has to do with the article on the West Corridor Expressway which the consortium is bidding.
Metronic added 2 1/2 sen to 39.5 sen. From the trend, it seems there is sustained buying of this stock as the company is seeking permission from the Securities Commission to trade in the shares that had been placed out before the issuance of bonus shares and the subsequent transfer to the Main Board. From the agenda of the AGM,it looks like there will be no dividends to be given out this year.
Meanwhile Sports Toto lost 2 sen to RM 4.88 and POS was at its overnight level.
Market finished at a high of 1,372 with a gain of 2.8 points. Will this bring in new buying support tomorrow?
Heartsong
There was renewed interest once more on RCE. It did well finishing at 92.5 sen for a 4.5 sen gain. Total volume was 14.2 million shares. I think the new parties are buying more of this counter because of the good results of 2006.
KPS added 2 sen to RM1.30 on a volume of 3.6 million shares. I believe this has to do with the article on the West Corridor Expressway which the consortium is bidding.
Metronic added 2 1/2 sen to 39.5 sen. From the trend, it seems there is sustained buying of this stock as the company is seeking permission from the Securities Commission to trade in the shares that had been placed out before the issuance of bonus shares and the subsequent transfer to the Main Board. From the agenda of the AGM,it looks like there will be no dividends to be given out this year.
Meanwhile Sports Toto lost 2 sen to RM 4.88 and POS was at its overnight level.
Market finished at a high of 1,372 with a gain of 2.8 points. Will this bring in new buying support tomorrow?
Heartsong
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