Update Jan 9, 2007

KLCI ends +0.5% at 1118.96 in heavy volume of 1.06 billion shares, recovering most of Monday's losses on bargain hunting; decline in crude oil prices, stronger regional bourses and improved industrial production output helped lift sentiment. USD/MYR fell to 9-year low of 3.5050, encouraging foreign funds to take up fresh positions in blue chips and heavyweights. Judging by the heavy volume traded and the strength in the recovery, the benchmark is likely to extend gains tomorrow, possibly rising to around 1122.

KLCI Readings
For 9/1/2007 the index closed at 1,118.9600.
Overall, the bias is: Upwards.
The projected upper bound is: 1,145.66.
The projected lower bound is: 1,097.71.
Projected to close at: 1,121.69.

SPOTMONTH Readings
For 9/1/2007 the closing price was 1,113.5000.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 1,147.17.
The projected lower bound is: 1,085.07.
The projected closing price is: 1,116.12.

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