A Slight Technical ReboundBy the end of the day the CI was at 1,373.84 up 4.5 points.Volume was at 1.3 billion shares with a value of RM2.2 billion. Gainers overtook losers 589 to 319. KFC, KWANTAS and Petra were among the gainers and the losers were BAT, Kontra and Lion Diversified.
Looking at our portfolio of tracked stocks; WMC ran up helter-skelter briefly in the opening hour touching a high of RM1.92. When all the euphoria has subsided, demand deflated and WMC took the down escalator and went down to RM1.59 for a sen loss. Then renewed buying support brought a 6 sen gain to WMC. It ended at RM1.67 on a volume of 15 million shares. RCE was one solid performer today. It clinched a 2.5 sen gain to end at RM1.02 on a volume of 23 million shares. KPS also saw renewed buying support; gaining 2 sen on a share volume of 32 million. Resorts, meanwhile, went down 4 sen to RM3.62 with 64 million shares traded.
Meanwhile AMDB, JAKS, Metronics and BJ Toto suffered losses. AMDB went down 0.5 sen to 40.5 sen, Metronic were bargained down by 0.5 sen to 41.5 sen on the eve of its going ex-bonus and transfer to the main board. JAKS was also off by the same margin to 81 sen. Volume of JAKS shares traded was 50 million.BJ Toto took a kick in the groin by losing 15 sen to RM5.15. Genting, however, added a sen to RM8.50.
Overall market was one big yawn!
Heartsong
Looking at our portfolio of tracked stocks; WMC ran up helter-skelter briefly in the opening hour touching a high of RM1.92. When all the euphoria has subsided, demand deflated and WMC took the down escalator and went down to RM1.59 for a sen loss. Then renewed buying support brought a 6 sen gain to WMC. It ended at RM1.67 on a volume of 15 million shares. RCE was one solid performer today. It clinched a 2.5 sen gain to end at RM1.02 on a volume of 23 million shares. KPS also saw renewed buying support; gaining 2 sen on a share volume of 32 million. Resorts, meanwhile, went down 4 sen to RM3.62 with 64 million shares traded.
Meanwhile AMDB, JAKS, Metronics and BJ Toto suffered losses. AMDB went down 0.5 sen to 40.5 sen, Metronic were bargained down by 0.5 sen to 41.5 sen on the eve of its going ex-bonus and transfer to the main board. JAKS was also off by the same margin to 81 sen. Volume of JAKS shares traded was 50 million.BJ Toto took a kick in the groin by losing 15 sen to RM5.15. Genting, however, added a sen to RM8.50.
Overall market was one big yawn!
Heartsong
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