Thursday, September 13, 2007

Boring Market

Malaysia shares end down 0.39 points at 1285.94 in moderate volume as investors locked-in profits from intraday high of 1296.83. Market breadth turned negative midday; decliners outpaced gainers 509 to 303 by close. Benchmark tipped in 1281-1296 range tomorrow. Gains on Wall Street helped to lift a broad range stocks in early trade but investors locked-in profits, underscoring the cautious sentiment. The start of the Muslim fasting month tomorrow is likely to result in lower retail participation. Investors will continue to take their cue from Wall Street.


Target 31 sen intact.

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