"We don't stop playing because we grow old; We grow old because we stop playing!" ~ George Bernard ShawKLCI closed down 0.2% at 969.38 on thin volume, off intraday high of 973.93 as investors took profit, taking cue from the weaker regional bourses. Index expected to trade within 967-973 range Tuesday.
Also notes stocks "not showing much reaction" to North Korean government confirming first-ever nuclear test. Penny stocks continued to dominate trading.
Investors are likely to keep a close watch tomorrow on Japan and Taiwan, which were closed today due to public holidays, to see how their markets would react to the nuclear test by the neighbor state, in defiance of international warnings against it.
It is crucial that a resurgence of strong daily trading momentum on the broader market, preferably above the 700 mln shares (turnover) mark, to sustain a bullish breakout above the formidable double-top resistance near 970 on the KLCI.
THE TOMYAM RAW RESEARCH FOR 9 OCT 2006
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