KLCI ends +0.5% at 1357.33 buoyed by gains on Wall Street overnight and firmer regional markets, say dealers. Volume traded moderate at 1.48 billion shares; market breadth positive with gainers outpacing decliners 639 to 222. Investors will continue to look to the performance on Wall Street for market direction tomorrow; anticipate market will consolidate in 1340-1370 range. Today's rebound was a knee-jerk reaction but the KLCI's inability to close Monday's gap-down move is a bearish sign. Selling into strength may persist, capping the KLCI's near term gains.
Major Headlines:
AMMB: No Plans For Merger With RHB Capital
KLCI Tends To Perform Well During Elections -Citi
Charts Tip Hubline At Buy For Rebound To 80 Sen-TA
OCBC Upgrades Silverlake Axis To Buy
Coastal +1.5%; Sale Of 2 Vessels For MYR38.7M
Berjaya Corp +12%; Upside Capped At MYR1.17
OSK Turns Bearish On Near-Term KLCI Outlook
Silverlake Axis +2.4% On US$7.35M Licensing Deal
Wijaya Offers Good Opportunity, Tgt MYR1.25 -OSK
Citi Keeps Buy On IOI, KLK, IJM; Ups Target Prices
Transmile +1.5% On Plane Lease Confirmation
Perisai +2.3%;Eyes $50M In Mideast Projects
Third Foreign Party Keen On Malaysia RHB Capital Stake-Report
TOMYAM SHOPPING LIST
No comments:
Post a Comment