Tuesday, August 21, 2007

Still couldn't move

KLCI ends down 1% at 1231.48 in moderate trade after volatile session with market trading between 1227 to 1251 range; market breadth turned negative with decliners outpacing gainers 714 to 203 as profit-taking into strength erased early gains. Market tipped to consolidate in 1220-1250 range tomorrow. Investors are likely to maintain a cautious approach. May continue to see similar rebounds in coming days but profit-taking into strength is likely to persist in the near term. All eyes will be on U.S. markets tonight.

No comments: