Wednesday, October 10, 2007

Hantam saja la

KLCI ends +0.6% at 1376.93, off intraday high of 1381.04 in heavy volume of 1.63 billion shares; sentiment lifted by gains on Wall Street overnight while local funds bought blue chips and government-led companies on dips. Market breadth ended negative with decliners edging out gainers 445 to 414. Benchmark expected to trade within 1370-1385 range tomorrow. Local funds continued to accumulate shares of government-led companies, including plantation and construction stocks. The new tax incentives for the Iskandar region also helped to keep the market buoyant.


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