Monday, July 23, 2007

A Good Follow-Through Finish


So, what do you know?

Market went into positive territory as Quasimodo rang the bell.

CI finished up 2.8 points to 1385.10 and gainers outdid losers 428 to 417. Volume of shares was 8.1 million while value of stocks done was 1.1 billion ringgits.

So let us see how the portfolio ended up.

Resorts did splendidly with a gain of 22 sen to RM4.44 on a volume of 34 million shares. Genting was so much better today as it moved up healthily to RM8.35, adding 25 sen. Another 35 sen and it will be back to RM8.70, its price before it was shot down. KPS sprang wings and took flight and is now sitting on the price level of RM1.80. Hope it stays there this time while we wait for the water-play to begin... JAKS was 0.5 sen better at 84sen. Looks like it is ready to leap to 90 sen soon. Metronic and AMDB are at its overnight level while Welli is now scuba diving at RM1.33; losing 3 sen in the process. Taliworks is not performing well after the last corporate news of the SILK Highway takeover. It slumped 9 sen to RM2.07.

So let us watch the afternoon session and see whether magic is in the air.

Heartsong

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