Thursday, August 23, 2007


KLCI ends +2.2% at 1283.62 in heavy volume led by gains across all sectors as investors take cues from gains in regional markets and firmer U.S. stocks overnight to bargain hunt. Market breadth remained positive; gainers outpaced decliners 771 to 173 at close. KLCI tipped to trade within 1266-1296 range Friday in follow through buying but caution pre-weekend profit-taking may narrow gains in late trade. The rise in volume traded and healthy market depth is a good indication of improving sentiment. Follow through buying interest is likely to lift the market higher tomorrow as long as U.S. stocks don't come-off overnight.


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