Thursday, December 27, 2007

Blue chips prop-up

KLCI ends +1% at 1437.82 in moderate volume, with gainers outpacing decliners 478 to 345 as year-end window-dressing continues to buoy the market. Plantation stocks led the market higher on record high CPO prices while local funds continued to prop-up blue chips and government-linked construction stocks. Tips benchmark to trade in 1430-1450 range Friday but cautions profit-taking ahead of weekend may narrow gains toward close.


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