Wednesday, July 04, 2007

Futher More Upside

Malaysia shares likely to extend gains tomorrow, possibly retest today's intraday high of 1383.22 after ending +0.3% at 1377.14. Gains were supported by healthy volume, suggesting that there's sufficient momentum to carry the market higher. Both foreign and local funds were net buyers but profit-taking by retail investors narrowed gains. Market breadth remained positive; gainers led decliners 482 to 394.

(Click on image to enlarge)

  • TA Keeps Buy On SMR Tech; Targets 50 Sen
  • MIMB Has Strong Buy On PinWee Based On Charts
  • CIMB Keeps Gamuda As Outperform, MYR10.60 Target
  • KLCI Likely To Hit 1490 By Year-End - TA Sec
  • Buy Comintel For Rebound; Targets 90 Sen : TA Sec
  • Aseam Ups SunCity Target To MYR5.80 On India JV

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