Monday, October 08, 2007


KLCI ends down 0.6% at 1364.14 in heavy volume of 2.15 billion shares with profit-taking across a broad range of sectors dragging benchmark off its intraday high of 1382.78. Market breadth ended negative with decliners outrunning gainers 517 to 378. Market may trade within 1350-1370 Tuesday if Wall Street fails to extend its gains overnight. We have had a pretty decent run up since September 18 and some degree of consolidation is not surprising.


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