Boy, Can We Peek into Next Week as well?

Fridays are just days of inconvenience; a brief hiatus from the hustle and bustle of trading. A time to recuperate but mostly to lick our wounds from bleeding in the marketplace.

Market tried to search for its legs to stand up all morning. Familiar blue chips did not appear on the gainers' list. CI crept up 3.46 points to 1379.86, not convincing., may just give up the ghost in the afternoon session. Volume traded seems to be large by a session comparison i.e. 800 million shares trade with a value of 1.07 billion ringgits. Downers were 475 compared with uppers at 317. Leading the gainers were Lion Diversified, Suncity. LPF and AZRB while heading the losers were HSL, Tenaga and IJM.

Portfolio stocks. This is how they performed.

Genting-is fast sleeping with the penguins. Lost another 5 sen to RM8.15, a low for a very long time. Volume was 32 million shares.

Metronic-has given up and dying by the seconds- went down to 22.5 sen for another half sen loss. Tak boleh harap punya kaunter.

Welli-Still looking for its legs. Dropped further to RM1.37 for another 4 sen loss. Waiting for Godot?

RCE is sleeping after a big heave-ho yesterday. Volume is still good at 26.8 million shares. Should be moving back to the RM1.15 level in no time next week. Watch this counter go.

AMDB is better by 0.5 sen to 40 sen. Volume was at 10.7 million shares.

KPS-added two sen to RM1.75. seems to be some resistance moving beyond this point. Volume was 31.9 million shares. Should bounce up once news about the Pahang-Selangor Water Transfer project gets announced by the National Water and Natural Resources Commission soon.

BJ Sports Toto- No excuse for this counter to turn into a lame-duck. We will watch this counter closely. closed 2 sen better at RM5.00.

JAKS Resources-One hot potato. Jumped 5.5 sen to 85 sen, probably on early syndicate play ahead of the water-play. Hope the counter can move up with some momentum to touch 90 sen by this evening or early next week.

Resorts World-found its legs and rebounded 14 sen to RM4.04. Should stay there for the next step ladder move upwards next week.

Market appears to be stronger and many players have come in. I pray their hopes turn straws into gold.

Heartsong