"When prosperity comes, do not use all of it." ~ ConfuciousOut of sudden, the bull came & gave ketupat to most inside the market today (some also get the mooncakes). Share prices closed the day significantly higher as some foreign funds returned to trade on the local stockmarket, where sentiment was boosted by the drop in crude oil prices in New York overnight.
KLCI closed at 975.62 at six-and-a-half year high in heavy volume of 840 million shares vs. 10-day average of 516.8 million shares, led by gains across a broad range of blue chips. KLCI may extend gains in follow through trade tomorrow; trade in 972-980 range in pre-Ketupat rally. Rising timber prices lifted timber concern Jaya Tiasa +12.8% to RM2.99, Lingui +4.8% to RM1.10. Aviation stocks gained on further decline in crude oil prices. Improved underlying sentiment encouraged fresh retail interest in penny stocks and smallcaps.
Today my CHAP AYAM INDICATOR filtered aiiyah! many counters lar. However, trade cautiously because it is Friday (a normal profit taking day) and most of the stocks are in the overbought zone.
As for myself, already & totally disposed:
The Winners - UTAMA, LATEXX, RAMUNIA-PA, MANGIUM &
thank god YGL
The Losers – AMTEL & COSWAY
Weekend balik hometown JB lor.
However still holding VS Industry (bought at RM1.62)
THE TOMYAM RAW ANALYSIS FOR TODAY.
(cannot see, click on the image to enlarge)
Happy Ketupat
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