Tuesday, May 29, 2007

Nothing New

KLCI ends down 0.2% at 1343 on profit-taking in thin volume, off intraday low of 1339.95 in last hour trade on mild bargain hunting; investors cautious ahead of 1Q GDP data due out after hours Wednesday. Pockets of positive corporate development's including MAS' surprisingly strong first quarter results helped to buffer the decline but persistent profit-taking dragged the KLCI into negative territory. Market breadth negative with decliners outpacing gainers 501 to 306. KLCI tipped in 1340-1350 range tomorrow.



  • Ranhill Down 5.5%; Thin Details On Pipeline Deal
  • MBF Plunges 48.1%; SC Rejects Revamp Plan
  • Nasioncom At Record Low On Misleading Info Probe
  • Proton Likely To Post MYR19.1M Loss For 4Q
  • MIMB Starts Alam Maritim With Buy, Target MYR5.12
  • Malaysia 2nd Fin Reiterates Sees 2007 GDP Growth Of 6%
  • UBS Starts Malaysian Plant At Buy,MYR3.50 Target

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