The Morning CloseGod has been kind. He disposes instead of opposes. So most counters have recovered their losses. Those which are still down can play catch up in the afternoon session. The CI is now only 4 points down, standing currently at 1387.66. The rush for oil and gas stocks have abated and other sectorial shares are moving back.
Big boy Genting, as predicted went up to its old level of RM8.70 on a volume of 36 million shares. Meanwhile, KPS jumped to finish at RM1.92 for a 4 sen gain on a volume of 49 million shares. Metronic added half a sen to 24 sen on a smaller volume of 25 million shares while AMDB moved up a sen to 42.5 on strong buying support of 62 million shares. JAKS was two sen better at 84.5 sen on sustained buying of 43 million shares. BJ Sports Toto was at its overnight level of RM5.05 on a 10 million share volume. Welli, unfortunately is looking for the trident again, losing 3 sen to RM1.30. Volume was sparse. No game as yet. Resorts is still down by 4 sen to RM4.28 on sustained buying of 151 million shares.RCE was a sen down to RM1.06 on a volume of 40 million shares. Should move up aggressively soon. Taliworks was down a sen to RM2.18. Expect upward movement too as the water-play starts.
Market looks good at the close with volume traded at 1.06 billion shares valued at 1.64 billion ringgits. Gainers still lost to losers by 297 to 573. Oil stocks are still leading with KNM at the top.
Retailers should be coming in numbers in the afternoon session.
Heartsong
Big boy Genting, as predicted went up to its old level of RM8.70 on a volume of 36 million shares. Meanwhile, KPS jumped to finish at RM1.92 for a 4 sen gain on a volume of 49 million shares. Metronic added half a sen to 24 sen on a smaller volume of 25 million shares while AMDB moved up a sen to 42.5 on strong buying support of 62 million shares. JAKS was two sen better at 84.5 sen on sustained buying of 43 million shares. BJ Sports Toto was at its overnight level of RM5.05 on a 10 million share volume. Welli, unfortunately is looking for the trident again, losing 3 sen to RM1.30. Volume was sparse. No game as yet. Resorts is still down by 4 sen to RM4.28 on sustained buying of 151 million shares.RCE was a sen down to RM1.06 on a volume of 40 million shares. Should move up aggressively soon. Taliworks was down a sen to RM2.18. Expect upward movement too as the water-play starts.
Market looks good at the close with volume traded at 1.06 billion shares valued at 1.64 billion ringgits. Gainers still lost to losers by 297 to 573. Oil stocks are still leading with KNM at the top.
Retailers should be coming in numbers in the afternoon session.
Heartsong
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