Sunday, July 01, 2007

Looking for Clues

Malaysia shares may retreat next week, possibly fall to 1344 (60-day moving average), erasing 1H07 window-dressing gains which helped the benchmark close +0.3% at 1354.38. Market breadth was negative with decliners beating gainers 453 to 430. Trading was quite choppy with the index falling below the 1350 psychological support on a number of occasions. Positive corporate developments helped to lift gaming stocks while oil & gas related stocks continued to attract foreign funds but government controlled companies were the main gainers.


  • Take Profit On Coastal Based On Charts - MIMB
  • OSK Keeps Buy On Hexagon; Target MYR7.70
  • S&P Keeps Maybulk As Buy, MYR4.10 Target
  • Buy Ekovest On Dips For Technical Rebound - TA
  • Malaysia Portfolio Inflows Surge In 1Q On-Quarter
  • USD/MYR Still Headed toward 3.30 - JP Morgan
  • S&P Ups Astino To Buy, Target To MYR1.09

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