Monday, November 26, 2007

Support 1360

KLCI ends +0.8% at 1364.80 in moderate volume, triggered by Wall Street's gains Friday, firmer regional markets and slew of corporate results, says dealer. Market breadth ended positive with gainers leading decliners 457 to 327 as sustained buying interest in heavyweights by local funds helped mitigate profit-taking by retail investors, dealer adds. Tips KLCI to trade in 1360-1380 range tomorrow. After last week's sell down, local funds took the opportunity to bargain hunt shares of government-led companies, select construction and banking stocks. Record high crude palm oil prices also helped lift plantation stocks.

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