Tuesday, September 04, 2007

Up lah

Malaysia shares end almost flat, shedding 0.39 points to 1283.75 in moderate volume from intraday high of 1288.21 as investors sold into strength. Market breadth negative; decliners beat gainers 464 to 371. KLCI tipped to trade in 1267-1297 range (within 50% to 61.8% retracement of fall to 1141.56) tomorrow; investors will take cue from DJIA's performance tonight for direction. In the absence of guidance from U.S. stocks (markets closed for Labor Day), trading interest was muted. Some speculative issues and big caps gained but selling into strength kept the KLCI within a tight range.


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