Tuesday, July 24, 2007

Another Record

Malaysia shares tipped to extend gains tomorrow, possibly test psychological resistance at 1400 after closing +0.8% at record high 1392.18 in heavy volume. Market breadth remained positive; gainers led decliners 632 to 312. The ringgit's continued strength drew more foreign funds back to the market and this triggered fresh buying interest from local funds and retail players. There's a fair bit of excitement as the benchmark approaches 1400. USD/MYR at 3.4000 late vs 3.4050 yesterday. Property, construction plays among strongest gainers today


  • AirAsia X To Announce First Australia Destination Soon - Exec
  • Malaysia Central Bank Keeps Overnight Policy Rate At 3.5%
  • YTL Land's Downtrend Breakout Targets MYR3 - OSK
  • Degem Up; OSK Pegs Fair Value At MYR1.80
  • OSK Downgrades Pantech's Rating To Neutral
  • ML Keeps Buy On Tradewinds; Ups Tgt To MYR2.55
  • IJM Plans To Rationalize Ppties Under RB Land
  • MIMB Raises Petra Perdana Target To MYR6.75
  • AsiaEP Up; Buys 80% Stake In E-Commerce Co

No comments: