Great Day at the Bursa

Well, what do you know? Today is about one of the best market days in months. It had direction and it had strength all day. Index touched a good high of 1,372.28 for a 11.6 points gain. Gainers led losers. IOICorp put on 40 sen;Ranhill 37 sen and SP Setia; 35 sen. Losers were BAT, KNM and LCL.

Tracked stocks faired generally well today. KPS performed splendidly putting on 12 sen to RM1.63 after touching an intra-day high of RM1.65. RCE finished off best at RM1.00 ad BJ Toto added 14 sen to RM4.92. Resorts World came out of its cocoon to notched up 8 sen to RM3.32. Metronic added 1/2 sen. POS, however, lost 4 sen.

A good counter to watch from now on is JAKS Resources, the pipe manufacturer which may feature well with the Pahang Water Transfer Project since they produced pipes of almost the right size for the project. It went up to 85.5 sen on an intra-day high before finishing off at 79.5 sen. I hope to track JAKS and blog it soon.

A good trading day for many.

Heartsong