AYAM SHOPPING LIST
Hidden inside every chart is a story. A story about where the price has been and where it might go in the future. Some stories are obvious. Others are a little more difficult to figure out.
Sunday, September 16, 2007
Still Nothing Much
Malaysia shares end +0.4% at 1289.50 in thin volume, off intraday high of 1294.68 as pre-weekend profit taking dragged most stocks off their highs. Market breadth remained positive despite mild selling pressure; at close gainers outpaced decliners 498 to 290. KLCI tipped to trade within 1281-1305 range next week. Wall Street's gains overnight helped to muster-up some buying interest among retail investors and local funds but foreign funds continued to sell into strength. Volume traded was relatively thin as most investors were reluctant to take up fresh positions ahead of the FOMC meeting on Tuesday.
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