Fund Managers are Looking Around..With the index up, it only means the fund managers are actively seeking good stocks to buy or even to churn to show they are doing their jobs well. I would not fault them because thanh- chak thanh-chak-loh for them. Must show they are worth the money they are paid as fund managers.
So what would you do if you are a fund manager? All stocks looks pricey at this level. Some may have been eroded the last week or so. So pick some of this and some of that. Look at some investment bank reports and do a good punt.
Let us see how the market is doing in the first hour of trading. Yesterday's favourites have been dustbined. Those who lost yesterday or the day before has been resurrected. The favourite indicative play of fund managers. CI is now a 1,381.40 up 8.3 points, a mere 10 points distance from its all-time high. They are going property this morning by the looks of it. Equine LA shot up 75 sen followed by SP Setia at 35 sen. Tanjong and Bursa were 30 sen better. Losers were BAT, Kossan and Padini. There was 381 counters up and 172 countersdown. Volume of shares traded was 27 million and value was RM125 million.
We are in the midst of the witching hour. The index is hovering around the 1380 mark up about 7.7 points. Ahmad Zaki Resources shared top honours with Bursa and Tanjong to clinched gains of 40 sen each. Meanwhile on the losers'side, Kossan is losing two days berturut-turut-this time losing another 20 sen. LCL lost 45 sen and BAT was stubbed 75 sen because of the cigarette tax hike lately.
Resorts meanwhile is creeping up, adding two sen to RM3.78. Genting is off by 5 sen; AMDB by a sen to 41 sen and Metronic by 0.5 sen to 43 sen. Meanwhile, KPS and RCE pushed forward with a sen gain to RM1.72 and RM1.02 respectively. JAKS did well all morning elevating itself to 80 sen for a 3.5 sen gain.
Another thing to note, GLCs such as UEM World and MRCB are moving and so are UMNO-linked counters such as Damansara Bhd and KUB.
Are we seeing early signs of the impending General elections? Are the boom-boom drums asounding the war chest built-up?
Heartsong
So what would you do if you are a fund manager? All stocks looks pricey at this level. Some may have been eroded the last week or so. So pick some of this and some of that. Look at some investment bank reports and do a good punt.
Let us see how the market is doing in the first hour of trading. Yesterday's favourites have been dustbined. Those who lost yesterday or the day before has been resurrected. The favourite indicative play of fund managers. CI is now a 1,381.40 up 8.3 points, a mere 10 points distance from its all-time high. They are going property this morning by the looks of it. Equine LA shot up 75 sen followed by SP Setia at 35 sen. Tanjong and Bursa were 30 sen better. Losers were BAT, Kossan and Padini. There was 381 counters up and 172 countersdown. Volume of shares traded was 27 million and value was RM125 million.
We are in the midst of the witching hour. The index is hovering around the 1380 mark up about 7.7 points. Ahmad Zaki Resources shared top honours with Bursa and Tanjong to clinched gains of 40 sen each. Meanwhile on the losers'side, Kossan is losing two days berturut-turut-this time losing another 20 sen. LCL lost 45 sen and BAT was stubbed 75 sen because of the cigarette tax hike lately.
Resorts meanwhile is creeping up, adding two sen to RM3.78. Genting is off by 5 sen; AMDB by a sen to 41 sen and Metronic by 0.5 sen to 43 sen. Meanwhile, KPS and RCE pushed forward with a sen gain to RM1.72 and RM1.02 respectively. JAKS did well all morning elevating itself to 80 sen for a 3.5 sen gain.
Another thing to note, GLCs such as UEM World and MRCB are moving and so are UMNO-linked counters such as Damansara Bhd and KUB.
Are we seeing early signs of the impending General elections? Are the boom-boom drums asounding the war chest built-up?
Heartsong
No comments:
Post a Comment