Wednesday, August 08, 2007

Helloooo Again

KLCI ends +1.3% at 1307.14 in moderate volume, rebounding from intraday low of 1292.87. Market breadth positive; gainers thrashed decliners 834 to 103. KLCI tipped in 1300-1321 range Thursday in follow through trade. Investors see gains in regional markets as a sign that markets have stabilized following the Fed's move to keep interest rates at 5.25% and DJIA's advance overnight. Both local and foreign funds bargain-hunted blue chips and index-linked stocks. Among gainers property and construction stocks posted strongest gains; speculative interest pushed water infrastructure related stocks sharply higher.



  • AmResearch Keeps Buy On SelProp. Tgts MYR8.50
  • Keladi Maju +2.6%; Resistance At 44 Sen
  • Water Infra Cos Gain As Confidence Returns
  • RHB Cuts EPIC Target To MYR3.90; Keeps Buy
  • TA Sec Rates Kencana At Buy As Charts Tip Rebound
  • S&P Keeps Hubline At Buy, Ups Target To 57 Sen
  • Buy Dialog For Rebound, MYR2 Target -TA Sec
  • Citi Keeps Media Prima At Buy; Target MYR3.40
  • Citi Ups MPlant to Buy From Hold; Target MYR3.70

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