Lock in your ProfitsAnd the bargain hunters did come in at the last hour. The CI was better at the close, losing 10.1 points to 1273.52. As prices rose, many sold into strength. Profit taking soon took its toll of some situation counters especially JAKS which lost 2 sen to 90 sen. Volume was 1.2 billion shares valued at 1.6 billion ringgits. Not much breadth as much we would like to have. There were 480 gainers and 365 losers.
Gainers were Cepco with 68 sen; PPerdana gaining a whopping 60 sen, SAAG tacking on 55 sen and DFZ adding 35 sen. Commerz, JTInter, PetGas and Tanjong all lost 30 sen each. So, it is clear some of these brought down the CI.
Gaming stocks Genting(RM7.20) and BJ Sports Toto(RM5.05) led the portfolio; adding 15 sen and 5 sen respectively.Welli added 3 sen to RM1.05 while RCE added a sen to 81.5 sen. Metronic dopped half a sen to 16 sen while JAKS lost 2 sen. Resorts also gave up 4 sen to RM3.76.
Next week will be a challenging week. Will Bursa move up heavenward again? Hope so. In commemoration of 50 years of Merdeka, investors should be given the chance to rejoice too.
Dow Jones is in uncertain waters again. But I hope the turbulence will be confined to US shores, this time around as I believe the impending issues are no longer on the financial system but more on the economy.
Heartsong
Gainers were Cepco with 68 sen; PPerdana gaining a whopping 60 sen, SAAG tacking on 55 sen and DFZ adding 35 sen. Commerz, JTInter, PetGas and Tanjong all lost 30 sen each. So, it is clear some of these brought down the CI.
Gaming stocks Genting(RM7.20) and BJ Sports Toto(RM5.05) led the portfolio; adding 15 sen and 5 sen respectively.Welli added 3 sen to RM1.05 while RCE added a sen to 81.5 sen. Metronic dopped half a sen to 16 sen while JAKS lost 2 sen. Resorts also gave up 4 sen to RM3.76.
Next week will be a challenging week. Will Bursa move up heavenward again? Hope so. In commemoration of 50 years of Merdeka, investors should be given the chance to rejoice too.
Dow Jones is in uncertain waters again. But I hope the turbulence will be confined to US shores, this time around as I believe the impending issues are no longer on the financial system but more on the economy.
Heartsong
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