Monday, September 03, 2007

No guidance from US

KLCI +1% at 1286.62 in thin volume, supported by gains in construction and property heavyweights and some government-linked companies. Note profit-taking into strength beginning to accelerate; ratio of gainers to decliners at 512 to 220, narrowing. KLCI tipped to stay in 1270-1292 range. Investors are taking a cautious approach and locking-in profits. There will also be no guidance from the U.S. tonight due to Labor Day holiday. Expects sideways trading to persist.


No comments: