KLCI ends up 0.1% at 1118.18, off from intraday high of 1119.16 and low of 1114.14 as profit-taking alternated with buying in active trade; index likely to stay within 1100-1120 range tomorrow. The market flip-flopped between positive and negative territory within a narrow 6-point band the whole day. Overall the bouts of profit-taking were pretty well-absorbed which suggests the market could still go higher. Most blue chips were steady while small plantation stocks gained on laggard interest.
Buy on dip (below 0.525).
For 4/1/2007 the closing price was 0.5500.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 0.60.
The projected lower bound is: 0.51.
The projected closing price is: 0.55.
THE TOMYAM SHOPPING LIST