A True Blue Ribbon DayLike leaping tigers, the CI bounced back with vigour to finish off the morning session gaining 42.61 points, pushing the index to 1234.16 points. It was a true blue ribbon day. The financials led the come-back followed by second grade blues with speculatives and situationals running ahead.
909 counters were up compared to 63 down. Volume was at 805 million shares worth 1.23 billion ringgits. Second grade blues lead the gainers. These are Petgas, Muhibbah, UMW and Gamuda gaining from 50 to 65 sen. Losers were KFC and PDZ.
The portfolio performed true to form as well; especially the defensive gaming stocks. Genting upped 45 sen to RM7.45 and Resorts gained 14 sen on news Star Cruises sold 50% of its shares in NCL Corp to an equity fund Apollo Management for US 1 billion bucks and will now focus its business largely in Asia. BJ Sports Toto shot up to RM4.76 topping up 18 sen.
RCE performed incredibly well upping 61/2 sen to 77 sen while super JAKS upped a similar amount to 80.5 sen. Welli added 6 sen to RM1.03 while Metronic was a sen better at 16.5 sen.
Market did extra well at all levels. However, some will come down this evening because of possible profit taking as uncertainties on Wall street make holding stocks risky.
If Wall Street should go sideways tonight, Bursa may be rudderless again and profit taking may set in from the morning bell tomorrow.
Heartsong
RCE performed incredibly well upping 61/2 sen to 77 sen while super JAKS upped a similar amount to 80.5 sen. Welli added 6 sen to RM1.03 while Metronic was a sen better at 16.5 sen.
Market did extra well at all levels. However, some will come down this evening because of possible profit taking as uncertainties on Wall street make holding stocks risky.
If Wall Street should go sideways tonight, Bursa may be rudderless again and profit taking may set in from the morning bell tomorrow.
Heartsong
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