A Pyrrhic Victory for BursaInvestors were muttering. Where did the market go?
Just when it was safe to enter the water, then a deluge of profit taking took place. Most who bought in the morning session felt really betrayed. They had bought o n the high side.Anyway that is how the cookie crumbles.
Market ended in victory, grabbing back 21.3 points to put the CI back to 1373.71. Bursa may be happy but not investors. It was a Pyrrhic victory to have Bursa back but there was no happiness for the soul. Volume was good at 2.12 billion shares traded with value of RM2.25 billion. There were 541 gainers and 394 losers. Top of the crop was RHBCap which bounced up by 65 sen followed by VADS also at 65 sen and finally by DIGI at a 50 sen gain. Losers were TSR Cap losing 27 sen, Kossan dropping 25 sen and Engtex which leaked off 15 sen.
And now to look at the portfolio.
Most of the stocks were traded a couple of shades down. Buying were mostly retail with a dollop or two of big blocks.
BJ Toto added 14 sen to top the portfolio counters. It ended at RM498 on a volume of 2 million shares. Mid size blocks of 300 lots were seen with an occasional 800 lots thrown in between small trading units. Very steadfast counter.
Resorts World proved resilient though it ended with a lower gain of 6 sen. Some 15.7 million shares exchanged hands. There were 2 blocks of 10000 lots and 2 lots between 8000-9000 lots. Should move up steadily when confidence returns.
RCE Capital added a sen to RM1.04 on a volume of 3.4 million shares.A few big blocks done. One block was for 4000 lots. It is firming up for a run soon.
Metronic-Global was like the ALAMO. It failed to protect the fort and so the price went down to 22.5 sen down half a sen. Volume was half a million and until interest returns, it will trade listlessly.
JAKS was the golden boy until profit takers put him back into the box in the afternoon session. It closed at one ringgit, losing 3 sen on a huge volume of 51 million shares. Most big blocks were done in the morning session with one large block in the afternoon session .Mostly retail trade until the close.
Welli-has turned into a frog princess falling 2 sen again to RM1.24. Some medium size blocks noted. Could portend something is amiss.
Let us see how Dow perform tonight so that we can have a more soulful trading day tomorrow.
Heartsong
And now to look at the portfolio.
Most of the stocks were traded a couple of shades down. Buying were mostly retail with a dollop or two of big blocks.
BJ Toto added 14 sen to top the portfolio counters. It ended at RM498 on a volume of 2 million shares. Mid size blocks of 300 lots were seen with an occasional 800 lots thrown in between small trading units. Very steadfast counter.
Resorts World proved resilient though it ended with a lower gain of 6 sen. Some 15.7 million shares exchanged hands. There were 2 blocks of 10000 lots and 2 lots between 8000-9000 lots. Should move up steadily when confidence returns.
RCE Capital added a sen to RM1.04 on a volume of 3.4 million shares.A few big blocks done. One block was for 4000 lots. It is firming up for a run soon.
Metronic-Global was like the ALAMO. It failed to protect the fort and so the price went down to 22.5 sen down half a sen. Volume was half a million and until interest returns, it will trade listlessly.
JAKS was the golden boy until profit takers put him back into the box in the afternoon session. It closed at one ringgit, losing 3 sen on a huge volume of 51 million shares. Most big blocks were done in the morning session with one large block in the afternoon session .Mostly retail trade until the close.
Welli-has turned into a frog princess falling 2 sen again to RM1.24. Some medium size blocks noted. Could portend something is amiss.
Let us see how Dow perform tonight so that we can have a more soulful trading day tomorrow.
Heartsong
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