MESDAQ and Second Board forges ahead while SESDAQ plunges.

Today, the Bursa Malaysia resumed its surge upwards as the MESDAQ Composite Index roared further into life, surging 3.23% while the KL Second Board Index added 1.6%.


The Mainboard KLCI fared quite well too, up by a more sedate 0.92%.

I took profit on a large variety of counters, from 2% on NSTP, through 25% on Mitrajaya to 42% on LionCorp, and choose not to bore readers with the details.


My luckiest trade was in Mexter Technology(MESDAQ), which I queued for at 23.5c, which got done just 30 minutes before it was carried up by the bullish uptide, and closed 8.5% higher.

The best unrealised paper profit in my portfolio is a stock that surged 16% today: NOVAMSC; it's up 30.6% in my portfolio.

I would urge readers who haven't loaded up on laggard second liners to do so NOW(or on a pullback) as 85% of all the 800 over Bursa-listed stocks should surge at least for a day, towards the last few weeks of the bull market.

Suggestions? Well, I can't reveal my choicest picks out of respect to my paying clients, but there are some that look promising despite the fact that they are already up in my portfolio: AKNMTec, MAA, Taliwrk, EcoFirs,Isyoda and SBCCorp.
They won't ALL surge tomorrow but are worth holding at least two weeks.


On the SGX, China Haida is up 2.4%, bucking the falling trend among other China-related stocks.