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.

TOMYAM SHOOPING LIST

AYAMS TALK:

• 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