Showing a bit, arent'we?So when there is not much influence from Wall Street, we strut around. Showing a bit, aren't we?
Anyway, after a hesitant start, Bursa went its own way as I forecasted. With local news such as Ranhill hitting oil and IOIProp making abundant profit, CI moved confidently to 1255.39, up 23.91 points. Volume was very much better at 1.01 billion worth 1.3 billion ringgits. Gainers ran ahead of losers 847 to 106. Gainers were Lion Diversified with an 80 sen gain followed by Tanjong which chalked up 50 sen, IJM which tacked onn 50 sen and Naim which posted 50 sen as well. Losers were MPI losing 25 sen and IOIProp losing 20 sen.
The shadow portfolio followed the main trend. Genting added 10 sen to RM7.35;Resorts tacked on 6 sen to RM3.70 BJ Sports Toto put on 2 sen to RM4.82. JAKS meanwhile added 7.5 sen to 84.5 sen while RCE Cap moved up to 78.5 sen, adding 4.5 sen. Welli also did well moving up 7.5 sen to RM1.02. Finally, Metronic remained unchanged at 16 sen.
So what would be in store for tomorrow? I think market has even out its loss yesterday. Bursa is now back at the starting block. If there are no more dramatic bearish news from Wall Street, Bursa should recover lost ground and move ahead. I do not foresee a brisk upward movement but more a leisurely stroll up the index.
Heartsong
The shadow portfolio followed the main trend. Genting added 10 sen to RM7.35;Resorts tacked on 6 sen to RM3.70 BJ Sports Toto put on 2 sen to RM4.82. JAKS meanwhile added 7.5 sen to 84.5 sen while RCE Cap moved up to 78.5 sen, adding 4.5 sen. Welli also did well moving up 7.5 sen to RM1.02. Finally, Metronic remained unchanged at 16 sen.
So what would be in store for tomorrow? I think market has even out its loss yesterday. Bursa is now back at the starting block. If there are no more dramatic bearish news from Wall Street, Bursa should recover lost ground and move ahead. I do not foresee a brisk upward movement but more a leisurely stroll up the index.
Heartsong
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