KLCI ends down 0.7% at 977.23 in moderate volume of follow through selling pressure; expected to drift within 975-980 Wednesday. This as investors lock-in profits from last week's 1.4% rally in KLCI led by blue chips and smallcap stocks. Mildly cautious sentiment ahead of September inflation data due out midday Wednesday "provided the ideal excuse for investors to unwind positions."
The current consolidation mode is likely to continue for the rest of the week ahead of the long festive holidays from this weekend, although the long-term outlook remains good.
The market is expected to trend higher toward the end of the year. The year-end target of 995-1012 points for the KLCI.
Hmmm.. dun wanna take risk for a while:
1. CYMAO that cannot meow - bought at 1.66, cut cut cut at 1.66
2. JADI but tak jadi beli - Void
3. AT - Void
4. TAMCORP tum tam tum tam dropping - Void.
For tomorrow, plans to monitor AFFIN as filtered by CHAP AYAM INDICATOR. May be can swing from its support level.
COMMERCIAL BANKING HIRE PURCHASE BUSINESS MERCHANT BANKING STOCK-BROKING DISCOUNT HOUSE SRVCS MONEY BROKING
.. And THE TOMYAM MONITORING LIST heh heh