No Thunder Thursday

Like a blind man without Wall Street to illuminate the way. That describes the market this morning. The Chinese markets are absolute rogues. Don't follow them. No thundersbolts except for one from Thor this morning even though Thursday is supposedly named after him as the Norse God of Thunder. WMC is that thunderbolt. It has finally done a triple somersault to hit limit up to at RM1.36 on fresh buying support.

The composite index ended 7.8 points to 1,369.3. Losers overwhelmed winners 495 to 391. The volume of shares done was 1.2 billion shares with a value of RM19 billion.

Gainers included Welli-Multi Corporation (WMC), Pelikan and AMMB while losers were BAT, SAAG and Mahsing.

Tracked portfolio stocks saw WMC flying up to RM1.61 for a 56 sen gain. JAKS added 3 sen to 81.5 sen while Resorts added 2 sen. Meanwhile Genting fell 30 sen to RM8.40 and BJ Toto was down 5 sen to RM5.30. KPS added 5 sen to RM1.74 while Metronic lost a sen to 42 sen. AMDB put on 0.5 sen to 41 sen. Meanwhile, RCE added 1 sen to 99.5 sen sen but BJ Toto gave up 10 sen to RM5.30.

WMC did not go limit up in the afternoon to RM1.81. The highest it did was to RM1.63. Good show, WMC!

Never a fair and foul day together, don't you think?

Heartsong