Tuesday, November 06, 2007

Rebound kot

KLCI ends +0.3% at 1389.11, off 1380.43 intraday low in moderate trade of 1.1 billion shares, as profit-taking alternated with bargain-hunting throughout the day, dealers say; tip index to trade within 1380-1400 Wednesday. The local market fluctuated between positive and negative territory throughout the day, tracking the Hong Kong shares pretty closely. Also notes local market breadth positive with gainers overwhelming losers 606 to 227; this suggests the (local) market may continue its uptrend tomorrow.


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