Tread carefully lest........

Taking the cue from Wall Street, Bursa crept up 2.9 points in the morning. By the noon close,the index went down 6.4 points to hover at 1,351.05. Then, by day's end the index was 1,350.72; down 6.7 points. Counters which made early gains were forced by market pressure to give back.

KPS started running again moving up to RM1.78 before settling down at RM1.73 for a sen gain. Volume was 11.6 million shares. Resorts added 10 sen to RM3.28 on a volume of 9.7 million shares.Genting was down 10 sen to RM8.05. BJ Sports Toto remained unchanged at RM5.30. Meanwhile, RCE took the brunt, giving up 2.5 sen to finish at 98.5 sen while JAKS was lower by 0.5 sen to 74.5. Metronic added 1/2 sen to 41.5 sen ahead of its bonus issue to be traded ex on 9 July 2007.

And now, ladies and gentlemen, my favourite underdog. WMC which initially went down to a low of RM1.06 recovered to close at RM1.19 for an 8 sen gain. Volume traded was close to 3 million shares with heavy intermittent block buying. It should spring into action tomorrow! Let us see whether those big boys can churn this counter up....

Heartsong