Profit Taking at the Morning CloseIt was to be expected. Resorts World went up to touch RM4.60 and then profit taking took place. After a 56 sen gain, those short term punters must exit and they chose today to do it at their benefit.Resorts lost 16 sen to RM4.30 on a smaller volume of shares traded (128 million). So we will let Resorts to settle down to find its new level for the next few days as it goes into a consolidation phase.
Genting meanwhile move along, adding 15 sen to RM8.50 on a volume of 11 million shares. Genting should maintain that price this afternoon before attempting to return to its former price level of RM8.70.
KPS shot through the RM1.90 level but ended at 1.86 for a 3 sen gain on a volume of 68 million shares.
JAKS added a sen to 83.5 sen on a volume of 16 million shares.
Welli added 2 sen to RM1.32 on a volume of 15 million shares.
Metronics added 1.5 sen to 24 sen on a volume of 55 million shares.
RCE added a sen to RM1.04 on a volume of 24 million shares
AMDB added 0.5 sen to 40 sen while BJ Sports Toto lost 5 sen to RM5.05.
Taliworks was unchanged at RM2.13.
A mixed bag of results. I would love it if KPS and Metronic could continue to move upwards to show there is confidence in these two counters. I am particularly concerned for Metronic as it has not shown any good premium after moving to the Main Board. As for KPS, the big blocks of shares changing hands this morning shows that good news is coming. For Welli, I think it has found its bottom. Must have consulted Neptune and got his trident to make it back to better price levels.
Heartsong
Genting meanwhile move along, adding 15 sen to RM8.50 on a volume of 11 million shares. Genting should maintain that price this afternoon before attempting to return to its former price level of RM8.70.
KPS shot through the RM1.90 level but ended at 1.86 for a 3 sen gain on a volume of 68 million shares.
JAKS added a sen to 83.5 sen on a volume of 16 million shares.
Welli added 2 sen to RM1.32 on a volume of 15 million shares.
Metronics added 1.5 sen to 24 sen on a volume of 55 million shares.
RCE added a sen to RM1.04 on a volume of 24 million shares
AMDB added 0.5 sen to 40 sen while BJ Sports Toto lost 5 sen to RM5.05.
Taliworks was unchanged at RM2.13.
A mixed bag of results. I would love it if KPS and Metronic could continue to move upwards to show there is confidence in these two counters. I am particularly concerned for Metronic as it has not shown any good premium after moving to the Main Board. As for KPS, the big blocks of shares changing hands this morning shows that good news is coming. For Welli, I think it has found its bottom. Must have consulted Neptune and got his trident to make it back to better price levels.
Heartsong
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