Tuesday, July 03, 2007

More Upside

Malaysia shares likely to extend gains after rising 0.6% to close at 1373.14 in heavy volume of 1.2 billion shares. KLCI may retest all time high of 1391.57 this week. Market breadth turned positive in late trade; gainers led decliners 626 to 273. Rising interest from foreign funds as the MYR continues to show strength against the dollar has helped to stir fresh buying interest among retail players. Local funds have also been actively buying property, construction and select heavyweights after last week's correction.

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  • CS Overweight On Plantation Despite CPO Price Fall
  • PECD Up On Debt Recovery Rprt; 74 Sen Cap
  • Citigroup Cuts MPlant to Hold; Targets MYR3.70
  • JP Morgan Stays Overweight On YTL Cement
  • Swee Joo Up On Tanker Ops Plan
  • Megan Media Plunges; May Fall To 2 Sen
  • BAT, JTI May Slip On Surprise Excise Duty Hike
  • S&P Ups DRB-Hicom To Hold From Strong Sell

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