Rejoice and Be GladIf God is with us, who can be against us?
And that about sums up the spirit of the day at the Bursa. After a over cautious opening, the market tripped upwards. Finance counters first attracted fund managers especially Maybank. Slowly the buying interest spread to other financial institutions like insurance. Then it was blue chip corporates and construction stocks. The bulls have come back, a little late. But better than never.
The situational second liners, as usual, ran ahead, picking up gains on heavy buying by retailers. Most closed at the highest of the day especially KPS, KHSB, JAKS and RCE. At the end of trading day, the CI finished off best at 1307.17 , up 17.04 points. The volume of shares traded was 1.189 billion valued at 1.73 billion ringgits. Gainers led losers 850 to 104. Among gainers were Muhibbah which clinched 65 sen;Sime Darby upped 60 sen, LPI rammed home with 50 sen, Naim with 50 sen as well and SAAG with 40 sen. Losers were MPI,Tanjong,Opus and Digi.
Shadow portfolio analysis.
Yes, as expected all gained but Genting, Resorts and Metronic were off-best.
With God's blessings, grace and mercy, Wall Street should perform tonight and we can then see good market action on Bursa tomorrow.
Amen.
Heartsong
The situational second liners, as usual, ran ahead, picking up gains on heavy buying by retailers. Most closed at the highest of the day especially KPS, KHSB, JAKS and RCE. At the end of trading day, the CI finished off best at 1307.17 , up 17.04 points. The volume of shares traded was 1.189 billion valued at 1.73 billion ringgits. Gainers led losers 850 to 104. Among gainers were Muhibbah which clinched 65 sen;Sime Darby upped 60 sen, LPI rammed home with 50 sen, Naim with 50 sen as well and SAAG with 40 sen. Losers were MPI,Tanjong,Opus and Digi.
Shadow portfolio analysis.
Yes, as expected all gained but Genting, Resorts and Metronic were off-best.
Genting(RM7.60), Resorts(RM3.96), BJ Toto(RM4.96) and Welli (RM1.12) added 10 sen each. JAKS jumped 9.5 sen to 91 sen, RCE hopped up 8 sen and Metronic managed a 0.5 sen gain to 19.5 sen.
With God's blessings, grace and mercy, Wall Street should perform tonight and we can then see good market action on Bursa tomorrow.
Amen.
Heartsong
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