Tuesday, December 11, 2007

Ranging 1425-1435

KLCI +0.2% at 1428.28 in thin volume, led by Telekom Malaysia +2.7% at MYR11.50, Bursa Malaysia +1.9% at MYR15.80. But market breadth negative, with decliners leading gainers 431 to 245. Last hour buying interest from local government-linked funds may lift broader market, while expectations U.S. may cut interest rates tonight likely to keep market buoyant. Tips index to stay in 1425-1435 range. Intermittent profit-taking may hamper upside, but the thin volume traded makes it easier to prop-up gains due to lack of selling pressure.


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