Thursday, October 18, 2007


KLCI likely to continue to consolidate within the 1365 and 1385 range Friday after closing +0.1% at 1376.22 on heavy volume of 1.7 billion shares as late profit-taking pared gains. Plantation stocks and selected blue chips were again in focus. Market breadth negative with losers narrowly edging gainers 429 to 411. The market is expected to continue its consolidation mode tomorrow in the absence of fresh leads. The local market sentiment tomorrow will likely mirror U.S. stocks overnight.


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