Mama Mia! A Ten Points Jump

Most would remember today as one of the better trading days of July 2007. Having built a broad base yesterday, the market moved up ever cautiously. The volume of shares traded today is 1.9 billion valued at 2.3 billion ringgits. The number of gainers easily trounced losers by 635 to 318. Of the gainers, VADS went ballistic adding RM1.35 sen while Muhibbah continued to attract interest, adding 90 sen. IOIProp put on 40 sen. Among losers were BAT losing 25 sen, BRDB giving up 22 sen and Telekom Malaysia and Sime Darby losing 20 sen each.

Portfolio stocks saw some good action.

Genting did well adding 20 sen to RM8.55 on a volume of 217 million shares.

Taliworks added 6 sen to RM2.19.

KPS added 5 sen to RM1.88, an auspicious price to be. Volume done was 95 million shares.

Welli with the help of the trident from Neptune, the Sea God, added 4 sen to RM1.34 on an increased volume of 23 million shares. Good threshold for an upward move.

RCE Capital went up 4 sen to RM1.07 on 69 million shares traded. Another go getter in the works.

AMDB moved up 2 sen to 41.5 sen on a volume of 74 million shares. I think it is ready to move up to 45 sen.

Metronic added a sen to 0.235 sen on an increased volume of 71 million shares. I think it is ready to move out.

JAKS hovered about its overnight level of 82.5 sen. Some 36 million shares were traded.

BJ Toto lost 5 sen to RM5.05. It lost support for quite sometime when it screwed up on its dividend payout.

Resorts World lost 14 sen to RM4.32 on a volume of 208 million shares. The intra-day low was RM4.28. I think it may have found its bottom when trading ended for the day. Expect marginal gains tomorrow.

All round, quite a good day in spite of Resorts giving back 14 sen.

Heartsong