Blue Angels of VictoryIt started like a SWAT action where most blue chips were lifted up by typhoon buying. As expected, once rush hour was over, the SWAT left and the gains pfffft! dissipated. Most blue chips, however, retained some gains.
The second liners that followed the trail lost almost all their gains and some even went to minus territory.
At the noon close, the CI was up 14.3 points to 1380.33. Good share volume at 787 million shares on a value of RM 2.53 billion. There were 357 gainers compared to 472 losers. Gainers included true blue bloods-BAT, Tenaga and Commerce. Losers were Transmil, Widetec and Kwantas.
The afternoon session was quite tenacious. Market ended at 1384.72, up 18.7 points. The share volume expanded to 1.47 million shares and the traded value was RM 2.4 billion. I think the market has returned! There were 457 gainers compared to 471 losers. Gainers were Zelan with a hopping RM1.10 gain, BAT went up 75 sen; Commerce; 50 sen and Tenaga by a similar amount. Losers lost small margins. MOX lost 40 sen, Transmile; 30 sen and WCT; 20 sen.
The stocks in the stable-how did they perform?
Resorts-the shooting star adding 18 sen to RM4.02 after touching an intra-high of RM4.12. The buying was massive by fund managers. It opened up 8 sen at RM3.92 and was chased up. Should climb up at least another 5% in the immediate term. I think it has something to do with the impending sale of NCL.
Genting-heavy block buyings noted as well. It added 10 sen to RM8.55. Good base being built for a good ascent soon.
KPS-renewed interest pushed it up 7 sen to RM1.77. Many big blocks were done. Looks like the signal is given for the start of the water-play.
RCE-Added a sen to RM1.06 even though it went up to RM1.08 in early rush hour buying. Attrition buying mostly though there were initial block buying when the market first opened. I think this counter is about to move up in the near term to test the RM1.20 level.
Metronic-Global-Lost 1 sen to 24.5 sen. Losing momentum. Hold on to your stock until it reaches the 30 sen level or until early September.
JAKS-lost a sen to 79 sen. Heavy bloc buying. Expect the counter to move up next week if there are news release on the Pahang-Selangor Water Transfer Project.
WMC-Added a sen to RM1.61 though started trading at RM1.68. Possible speculative play in the offing once the annual reports are released.
AMDB-Stayed at the overnight level. There was block buying but not strong. Continues to be retail play. Not really going to move up a lot.
BJ Toto-Stayed at its overnight level of RM5.15. No interest noted; perhaps Treasury buy-ins.
Heartsong
The second liners that followed the trail lost almost all their gains and some even went to minus territory.
At the noon close, the CI was up 14.3 points to 1380.33. Good share volume at 787 million shares on a value of RM 2.53 billion. There were 357 gainers compared to 472 losers. Gainers included true blue bloods-BAT, Tenaga and Commerce. Losers were Transmil, Widetec and Kwantas.
The afternoon session was quite tenacious. Market ended at 1384.72, up 18.7 points. The share volume expanded to 1.47 million shares and the traded value was RM 2.4 billion. I think the market has returned! There were 457 gainers compared to 471 losers. Gainers were Zelan with a hopping RM1.10 gain, BAT went up 75 sen; Commerce; 50 sen and Tenaga by a similar amount. Losers lost small margins. MOX lost 40 sen, Transmile; 30 sen and WCT; 20 sen.
The stocks in the stable-how did they perform?
Resorts-the shooting star adding 18 sen to RM4.02 after touching an intra-high of RM4.12. The buying was massive by fund managers. It opened up 8 sen at RM3.92 and was chased up. Should climb up at least another 5% in the immediate term. I think it has something to do with the impending sale of NCL.
Genting-heavy block buyings noted as well. It added 10 sen to RM8.55. Good base being built for a good ascent soon.
KPS-renewed interest pushed it up 7 sen to RM1.77. Many big blocks were done. Looks like the signal is given for the start of the water-play.
RCE-Added a sen to RM1.06 even though it went up to RM1.08 in early rush hour buying. Attrition buying mostly though there were initial block buying when the market first opened. I think this counter is about to move up in the near term to test the RM1.20 level.
Metronic-Global-Lost 1 sen to 24.5 sen. Losing momentum. Hold on to your stock until it reaches the 30 sen level or until early September.
JAKS-lost a sen to 79 sen. Heavy bloc buying. Expect the counter to move up next week if there are news release on the Pahang-Selangor Water Transfer Project.
WMC-Added a sen to RM1.61 though started trading at RM1.68. Possible speculative play in the offing once the annual reports are released.
AMDB-Stayed at the overnight level. There was block buying but not strong. Continues to be retail play. Not really going to move up a lot.
BJ Toto-Stayed at its overnight level of RM5.15. No interest noted; perhaps Treasury buy-ins.
Heartsong
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