Tuesday, June 19, 2007

New Record on Moderate Volume

Malaysia shares expected to rise in follow through trade tomorrow, possibly test upside (technical) target of 1383 after adding 0.3% to close at record high of 1376.79 today in moderate volume. Market breadth positive with gainers edging decliners 409 to 405. Firm interest in blue chips and government-linked companies helped benchmark to rise to uncharted territory despite intermittent profit taking. Buying interest in the broader market remained firm despite the steep declines in Transmile and Ranhill. Plantation, construction and property expected to lead gains in follow through trade.



  • AMMB Confirms Taking AIGB Private At MYR3.70/Shr
  • CIMB Ups Mah Sing Tgt To MYR6.50 On Penang Proj

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