Thursday, October 04, 2007


KLCI ends +0.2% at 1369.84 in heavy volume with 1.25 billion shares changing hands, rebounding from intraday low of 1358.34 as bargain hunting on blue chips, government-linked stocks by local funds helped reverse losses. Market breath turned positive at close with gainers edging out decliners 416 to 410. Follow through buying interest may push benchmark to retest all time high of 1392.18 tomorrow. Local funds were actively accumulating government-linked stocks today. This prompted retail players to take up fresh positions in speculative issues, leading to the market's recovery.


No comments: