Bursa is Coming Back!Like the Terminator series, "I am coming back" is also the catch words for Bursa as it readies itself for the return to greener days ahead. We all hope that the sub-prime will be better managed by the US klutzes! Shame on them!!
It was a better market all round today. Loses were minimal and gains on situational counter were humungous! Don't believe me, ask KPS. It romped home with a 60 sen gain.Ask Engtex, it romped home too with a 45 sen gain. Ask Puncak, it romped home with a 44 sen gain.
The mood was good today, there was more confidence in the air as buyers return to the market,swarming most of the water-play counters.The NCER launch has brought some smiles to punters and investors. CI only lost 2.97 points to 1352.41 and there were 563 gainers compared to 358 losers. Volume of shares traded was 1.9 billion valued at 2.8 billion ringgits. Strangely, with the launch of NCER,counters such as Sime Darby, Golen Hope, Gamuda and Muhibbah fell.
Portfolio watch:
JAKS was the star performer, gaining 20.5 sen to RM1.03 on a volume of 57 million shares traded, a historical volume if ever. It has more upside to go.
Metronic was protective of its turf from Friday, staving off sellers and absorbing them all day. Metronic added 0.5 sen to close at 23 sen. Looks like Metronic is supported at 22.5 sen. So buy it if it should go below that price for whatever reason the market fell in the future.
Resorts World showed complete control and strength. It closed unchanged at RM4.10. Volume was heavy at 203 million shares.Analysing its market behaviour since Friday, I must say Resorts will plough back all the gains up to RM4.60 in no time. Watch this counter go when the weather changes for the better.
RCE is one good counter to have in any portfolio of worth. Fundamentally strong, it is a shoo-in for for at least a 30% price rise. When it goes, it goes, especially if GE is contemplating buying into it. Anyway, there is always a possibility that Goldman Sachs is collecting on the quiet. It closed unchanged today at RM1.03 on a volume of 41 million shares.
BJ Sports Toto; a titan in its own right. The super dividend paying king of Bursa, expect it to slowly swim back to to the RM5.60 mark. It lost 2 sen to RM4.84 on a volume of 25 million shares.
Welli-Multi Corporation -enigma you are. I actually expect star performance from you today but you scooted off and lost a sen to RM1.28, on a volume of 11 million shares. Good volume though; and may be a signal that another juggernaut will move shortly.
Taliworks was buoyed by the waterplay. It added 25 sen pushing its price to RM2.40. Expect it to have a meaty package of Langat II.
So there you have it, folks.Until tomorrow, its tata!
Heartsong
It was a better market all round today. Loses were minimal and gains on situational counter were humungous! Don't believe me, ask KPS. It romped home with a 60 sen gain.Ask Engtex, it romped home too with a 45 sen gain. Ask Puncak, it romped home with a 44 sen gain.
The mood was good today, there was more confidence in the air as buyers return to the market,swarming most of the water-play counters.The NCER launch has brought some smiles to punters and investors. CI only lost 2.97 points to 1352.41 and there were 563 gainers compared to 358 losers. Volume of shares traded was 1.9 billion valued at 2.8 billion ringgits. Strangely, with the launch of NCER,counters such as Sime Darby, Golen Hope, Gamuda and Muhibbah fell.
Portfolio watch:
JAKS was the star performer, gaining 20.5 sen to RM1.03 on a volume of 57 million shares traded, a historical volume if ever. It has more upside to go.
Metronic was protective of its turf from Friday, staving off sellers and absorbing them all day. Metronic added 0.5 sen to close at 23 sen. Looks like Metronic is supported at 22.5 sen. So buy it if it should go below that price for whatever reason the market fell in the future.
Resorts World showed complete control and strength. It closed unchanged at RM4.10. Volume was heavy at 203 million shares.Analysing its market behaviour since Friday, I must say Resorts will plough back all the gains up to RM4.60 in no time. Watch this counter go when the weather changes for the better.
RCE is one good counter to have in any portfolio of worth. Fundamentally strong, it is a shoo-in for for at least a 30% price rise. When it goes, it goes, especially if GE is contemplating buying into it. Anyway, there is always a possibility that Goldman Sachs is collecting on the quiet. It closed unchanged today at RM1.03 on a volume of 41 million shares.
BJ Sports Toto; a titan in its own right. The super dividend paying king of Bursa, expect it to slowly swim back to to the RM5.60 mark. It lost 2 sen to RM4.84 on a volume of 25 million shares.
Welli-Multi Corporation -enigma you are. I actually expect star performance from you today but you scooted off and lost a sen to RM1.28, on a volume of 11 million shares. Good volume though; and may be a signal that another juggernaut will move shortly.
Taliworks was buoyed by the waterplay. It added 25 sen pushing its price to RM2.40. Expect it to have a meaty package of Langat II.
So there you have it, folks.Until tomorrow, its tata!
Heartsong
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