KLCI likely to extend gains tomorrow in follow through trade, possibly rise to 1390-1400 range on persistent buying interest in construction, property and plantation stocks. KLCI ended +0.7% at 1386.27 at new record high in heavy volume; market breadth positive with gainers outpacing decliners 630 to 274. Gains in regional markets and firmer U.S. stocks overnight were key catalysts. Oil and gas related stocks also extended their bullish run. Lower-than-expected May inflation of 1.4% on year (vs. 1.6% expectation) likely to attract fresh buying interest in equities tomorrow.
TOMYAM SHOPPING LIST
AYAM's TALK:
- May CPI +1.4% On Year Vs +1.6% Expected
- Citigroup Ups Media Prima's Tgt To MYR3.40
- TSH Edges Up On Indon Plantation Land Buy
- Mycom Surges; Laggard Ppty, CPO Play
- ECM Keeps Buy On AMMB; Ups Target To MYR5.34
- Buy Samudra For MYR1.50 Medium-Term Target - TA Sec
- MIMB Has Strong Buy On Hai-O Based On Charts
- Eden Buoyed By Power Project Hopes
- SapCrest May Hit MYR2;Seadrill Ups Stk To 10.3%
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