Thursday, July 19, 2007


Malaysia shares are expected to continue consolidating in 1369-1380 range tomorrow, but with negative bias as investors unwind positions ahead of weekend. Benchmark ended +0.5% at 1376.40 in moderate volume; market breadth turned positive in last hour of trade, with gainers beating decliners 439 to 415. Local funds bottom-fished some heavyweights after 3 consecutive days of losses, but lower liners and small- to mid-cap stocks finished lower on profit-taking. Notes, KLCI again tested 30-day moving average (1369.52) held since early March, suggesting strong support.


  • Proton Hopes To Sell 3,500 Cars In Indonesia This Yr
  • UBS Keeps Resorts World At Buy; Target MYR4.20
  • S&P Keeps Tenaga As Strong Buy, MYR16 Target
  • QL Resources Up; OSK Keeps On Buy, MYR4.85 Tgt
  • SIAS Starts Naim Cendera With Buy, Target MYR6.44
  • S&P Keeps MWE As Hold, Ups Tgt To MYR1.25
  • TA Sec Rates Eden At Sell; Expects Correction
  • ECM Keeps Buy On Techfast; Ups Target To 56 Sen
  • HLG Starts MSW With Buy; Targets MYR2.60
  • No New FX Measures In Malaysia Zeti Speech
  • EPIC Up; Investors Cheer AZRB's 20.8% Stk Buy

No comments: