Wednesday, July 25, 2007

Temporary Correction

Malaysia shares tipped to extend losses tomorrow but downside limited to 1373.17 (30-day moving average) after sliding 0.9% to 1379.33 in heavy trade today. Market breadth remained negative with decliners leading gainers 571 to 387. There's a good possibility of follow-through selling tomorrow. All eyes will be on Wall Street's performance tonight. Bargain hunting in blue chips and some index linked heavyweights may take place but a retest of 1392.18 (all time high) is unlikely.


  • RB Land Proposes 4-for-5 Rights At MYR1.35/Share
  • Citi Keeps Buy On Sime Darby; Targets MYR15.42

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