Friday FolliesSeamless trading pattern from yesterday. The bulls have inadvertently gone out grazing with the cows. The bears are not exactly swarming the market but not many counters are making a breakthrough in prices. All are retreating, ignoring the call of the commander of the Light Brigade! Most Asian markets were also down except for Hang Seng.
Market ended up 3.6 points to 1,391.57 for another sky-high bursa benchmark. Bld Plantations, Tradewinds and Transmil were among the chief gainers while cement stocks took the fall along with BAT and DIGI. CIMA was down 50 sen.
Let us look at our tracked stock portfolio.
KPS did reasonably well touching a intra-day high of RM1.70 before falling back to RM1.67 for a 5 sen gain. Total volume traded was 11.3 million shares. BJ Toto added 10 sen to RM5.45 on a volume of 2.1 million shares. Genting was up 5 sen to RM8.10. Metronic stayed at its overnight level of 38.5 sen on a higher volume of 1.2 million shares. Looks like it is gathering interest as the days get closer to its AGM.
The downside. JAKS lost 2 sen to 81.5 sen on a lower volume of 4.49 million shares, RCE dropped a sen to RM1.03 on a volume of 3.2 million shares. Meanwhile, Resorts gave up 2 sen to RM3.48 on a volume of 8.02 million shares.
Monday should see the real relative strength of the market viz its other Asian markets. If it can hold steady, in spite of the falls in the greater Chinese markets, then we should be ready for another slow but steady trudge up the index. Do you feel lucky?
Heartsong
Market ended up 3.6 points to 1,391.57 for another sky-high bursa benchmark. Bld Plantations, Tradewinds and Transmil were among the chief gainers while cement stocks took the fall along with BAT and DIGI. CIMA was down 50 sen.
Let us look at our tracked stock portfolio.
KPS did reasonably well touching a intra-day high of RM1.70 before falling back to RM1.67 for a 5 sen gain. Total volume traded was 11.3 million shares. BJ Toto added 10 sen to RM5.45 on a volume of 2.1 million shares. Genting was up 5 sen to RM8.10. Metronic stayed at its overnight level of 38.5 sen on a higher volume of 1.2 million shares. Looks like it is gathering interest as the days get closer to its AGM.
The downside. JAKS lost 2 sen to 81.5 sen on a lower volume of 4.49 million shares, RCE dropped a sen to RM1.03 on a volume of 3.2 million shares. Meanwhile, Resorts gave up 2 sen to RM3.48 on a volume of 8.02 million shares.
Monday should see the real relative strength of the market viz its other Asian markets. If it can hold steady, in spite of the falls in the greater Chinese markets, then we should be ready for another slow but steady trudge up the index. Do you feel lucky?
Heartsong
No comments:
Post a Comment