Thursday, July 05, 2007

Took Breather

Malaysia shares likely to consolidate within 1362-1375 range after sliding 0.6% to close at 1369.30 in moderate volume today, market breadth negative with decliners leading gainers 483 to 388; Investors likely to sell into strength tomorrow and stay out of the market ahead of the weekend. The market took a breather after four straight days of gains. There were no major catalysts to sustain buying momentum while participation from both local and foreign funds was relatively muted compared to earlier in the week.



  • Emivest Buys 25% Stake in Malaysia's CBS Technology Berhad
  • Asian Shares End Mixed; Japan, HK Shrug Off Plunge In China
  • Welli May Rise More; Halal Food Ops,Hadhari Rprt
  • Buy YTL-E For Rebound Toward 90 Sen -TA Sec
  • PLS Extends Gains; Proxy Play To Ekovest
  • Aseambankers Ups Petra Perdana Target To MYR5.35
  • TA Ups Petra Perdana Tgt To MYR5.10;AHTS Buy Plan
  • Kim Eng Keeps Trading Buy On Johor Land
  • UBS Expects More Upside To KLCI In 3Q07
  • S&P Cuts SapuraCrest To Sell But Ups Target

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