Tuesday, June 05, 2007

Market Update

KLCI ends +0.7% at 1369.59 in heavier than usual volume, recovering from an intraday low of 1354.93 as investors take cue from recovery in China shares to accumulate stocks across all sectors. Market breadth turned positive in late trade; gainers beat decliners 665 to 208. Share price movements are mirroring the acrobatic moves in Chinese equities although the swings are not as volatile. The market is likely to remain equally volatile tomorrow but follow through trade could carry the KLCI to a fresh record high (current record stands at 1374.54). Tips 1355-1375 range.


  • Proton Edges Up On Tie-Up Hopes; MYR6 Cap
  • S&P Cuts Satang To Sell From Strong Buy
  • S&P Ups Muhibbah Target To MYR7.10; Keeps Hold
  • DNP Up; UOB's Buy Rating, MYR4.30 Tgt Cited
  • IJM Down As KEuro 25% Stake Buy Nears
  • Crude Oil Gains May Help Boost Palm Oil Prices
  • CS Stays Overweight On Malaysia Equities
  • Citi Keeps TA Enterprise At Buy, MYR2.75 Target
  • Citi Keeps Sell On Plus; Targets MYR2.90
  • Govt, VW Officals To Meet This Week On Proton-Report

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