Wednesday, September 26, 2007

Funds Buying

KLCI +0.5% at intraday high of 1323.64 in moderate volume despite intermittent profit-taking; market breadth negative with decliners leading gainers 352 to 332. Construction stocks are leading the way with WCT Engineering adding 4.8% at MYR7.65 and IJM gaining 3.8% at MYR8.10. Local government funds are selectively accumulating blue chips, but retail players continue to sell into strength, benchmark expected to stay in 1320-1330 range. Among gainers, MPHB +7% at MYR1.84, Golden Plus +8.5% at MYR1.80 and Silverbird +20.8% at 61 sen, all on possibility of new major shareholders emerging. Value hunting boosts Landmarks +4.8% to MYR2.60 after Alliance Research says shares could be worth a much as MYR3.60 if company obtains casino license on Indonesia's Bintan island.


1 comment:

simon said...

Congratulations on your inviting and informative blog.

I noticed you are interested in stocks as well. I have recently started a blog on PE investmens for small investors thru listed PE funds. To me, this subject has been of particular interest as I used to work for a FoF PE house which only allowed instituional to participate on PE performance.

I'm interested in any kind of feed-back on my blog and would like to implement constructive suggestions (also in terms of language).

If you like my blog, I would be honored if we linked to each other's sites.

Best wishes from Switzerland,