More Defensive than OffensiveA stalemate; that's what we are gonna have with a downward bias. If more bearish news emerged if the afternoon, Bursa will go into a red swamp.
As usual, the positive mind-set pushes the index to more than 13 points in the first 20 minutes. Blue chips like banking stocks were a shade better. Situational stocks like KPS, KHSB and JAKS ran ahead. Then, they played limbo rock. Except for KPS most went down the limbo stick.
Index closed barely one point for the morning session.CI was at 1288.10 up 0.4 points. Gainers lag behind losers 126 to 691. Volume of traded stocks shrank to 428.6 million shares worth 1.57 billion ringgits.
Among gainers were BHIC which upped RM1.75 sen, Transmile gained 46 sen, P Perdana up 42 sen and Tanjong put on 30 sen. Losing were Stemlife lost 74 sen while KLK dropped 30 sen, PPB was also down 30 sen and SunCity slidded 26 sen.
The portfolio played limbo rock too. Genting finished unchanged at RM7.45 while Resorts went down 2 sen to RM3.78. BJ Sports Toto also lost 2 sen to RM4.80. RCE dropped 1.5 sen to 85 sen while JAKS was 1.5 sen down to 86 sen. Metronic also went down a sen to 18.5 sen while Welli was down 5 sen to RM1.1.6. Not much buying of Welli today. I think they know - sudah celik that the timing is not right for a price boosting announcement.
The afternoon is awaited and the chances of a good bull market run scenario is most remote.
As usual, the positive mind-set pushes the index to more than 13 points in the first 20 minutes. Blue chips like banking stocks were a shade better. Situational stocks like KPS, KHSB and JAKS ran ahead. Then, they played limbo rock. Except for KPS most went down the limbo stick.
Index closed barely one point for the morning session.CI was at 1288.10 up 0.4 points. Gainers lag behind losers 126 to 691. Volume of traded stocks shrank to 428.6 million shares worth 1.57 billion ringgits.
Among gainers were BHIC which upped RM1.75 sen, Transmile gained 46 sen, P Perdana up 42 sen and Tanjong put on 30 sen. Losing were Stemlife lost 74 sen while KLK dropped 30 sen, PPB was also down 30 sen and SunCity slidded 26 sen.
The portfolio played limbo rock too. Genting finished unchanged at RM7.45 while Resorts went down 2 sen to RM3.78. BJ Sports Toto also lost 2 sen to RM4.80. RCE dropped 1.5 sen to 85 sen while JAKS was 1.5 sen down to 86 sen. Metronic also went down a sen to 18.5 sen while Welli was down 5 sen to RM1.1.6. Not much buying of Welli today. I think they know - sudah celik that the timing is not right for a price boosting announcement.
The afternoon is awaited and the chances of a good bull market run scenario is most remote.
Heartsong
No comments:
Post a Comment