Good Start for the Week

The CI went up by 12.7 points to touch 1,365.11 at the start of trading and the clear market leaders seems to be SAAG, Guoco, Tanjong and Commerce. They put on gains between 30-60 sen. The losers were EON Cap down RM1.28, AHB by 41.5 sen, Transmile by 20 sen and Megan by 16 sen.

By the time the market ended, Gentings has lost 10 sen to RM7.90 and Resorts; 2 sen to RM3.20. RCE meanwhile lost 0.5 sen to 91 sen and POS; 6 sen to RM4.30. However, BJ Toto added 4 sen to RM4.84 while Metronic added a sen to 39.5 sen. Similarly KPS added a sen to RM1.37. Looks like KPS has run out of steam since the water play continues to be a no-show.

So quo vadis the market tomorrow?

From now on, the market will hinged very much on how Wall Street will perform and the decision of the US Federal Treasury Board to increase interest rate or otherwise.


Heartsong