Monday, October 22, 2007

Rebounddddd.. I hope so

KLCI ends 1.4% lower at 1350.81, dragged down by regional, Wall Street weakness; volume moderate at 1.65 billion shares; market breadth negative with decliners beating advancers 784 to 136. Investors to continue looking to outside for market direction tomorrow. If Wall Street goes sharply lower again, I can't see the market being able to buck the trend since there aren't very many strong positive cues on the local front at the moment. Tips short-term KLCI support at 1325, resistance at 1365.

  • Berjaya Land JV To Build $500M Ppty Proj In S Korea
  • Saudi Fin Min: Oil Price Not Justified By Demand
  • Anwar Faces Prosecution Threat For Protecting Source
  • RHB Capital Denies Report Of Merger With Ambank Group
  • ZTE Corp Signs Power Supply Agreement With Telekom Malaysia
  • Malaysia Palm Oil Exports Data Below Expectations
  • Bolton Up; Eyes MYR5B Projects In 2 Years
  • Malaysia Sep CPI Likely +2.0% On Rising Food Prices
  • Kencana Sees FY08 Net MYR70M, 15-20% Orderbook growth
  • Citi Raises Digi Target Price To MYR28, Keeps Buy
  • OSK Maintains Buy On Top Glove; Target MYR7.40
  • Ranhill Down; Oil Discovery Hopes Fade


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