Sunday, December 30, 2007

Try to Close High

KLCI ends +0.6% at 1447.04 in thin volume of 663.2 million shares, with decliners edging out gainers 425 to 415. Last minute buying support from local funds local funds cited for market's gains. The benchmark's rise is largely due to year-end window dressing by local funds. A number of heavyweights and index-linked stocks posted last minute gains in thin volume. Tips index to trade in 1440-1460 next week, but cautions, profit-taking in holiday-shortened week may keep benchmark at lower end of range.


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