Monday, December 10, 2007

Awaiting For Fed Decision on Rate

Malaysian shares end down 0.6% at 1425.13 on profit-taking, with trading activity subdued as investors await outcome of Fed interest rate decision Tuesday; market breadth negative with decliners beating gainers 522 to 246. The combination of cautiousness ahead of the Fed decision and a lack of corporate developments sapped investor interest. The market will probably stay in the 1415 to 1440 range in the near-term.


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