On Eggs Again

As I predicted, Bursa took a rest, losing 16.8 points at the lunch break. The CI closed at 1266.84 points.Losers beat up gainers 659 to 137. Volume was not too encouraging at 510.5 million shares worth 780 million ringgits. Gainers were SAAG adding 50 sen, PPerdana notching up 24 sen; UBB back from the dead with a 24 sen rise and WCT which gained 20 sen. Losers were JInter which gave up 30 sen,BAT losing 25 sen and IJM dropping off 25 sen.

The portfolio saw mostly falls but for Genting which put on 15 sen to RM7.40. Resorts dropped 10 sen to RM3.70; RCE dropped a sen to 79 sen while JAKS, the market leader lost 0.5 sen to 92 sen. BJ Sports Toto lost 2 sen to RM4.98. Welli lost 2 sen to RM1.00 while Metronic lost 0.5 sen to 16 sen.

There may be some bargain hunting in the afternoon and prices might be better. So CI should be in higher territory.

Heartsong