Tuesday, January 29, 2008

Waiting for Bush to pump in the US Economy

KLCI ends +0.6% at 1388.50 in moderate volume with gainers outpacing decliners 422 to 287; gains on Wall Street overnight cited as main trigger for buying interest as investors pinning hopes on another rate cut by the Fed this week. Among gainers, plantation stocks, oil & gas sector and select index heavyweights led market's rise. Benchmark tipped to trade in 1380 to 1400 range tomorrow. Investors will continue to look at the performance on Wall Street to guide their investment decisions. The market is likely to remain volatile ahead of the Fed's decision on interest rates.

Buy on dips. Cut Loss level RM1.00


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