Monday, February 11, 2008

Going Nowhere

KLCI ended down 0.6% to 1407.38, off intraday high of 1418.56, led by declines in large-cap stocks and profit-taking in mid to small-cap stocks as investors stay cautious ahead of release of economic data from U.S. later this week. Volume traded thin with 620 million shares changing hands; market breadth ended negative with decliners outpacing gainers 486 to 239. Index tipped within 1400-1420 range tomorrow. Investors remain cautious in anticipation of less-than-rosy (U.S.) retail sales data.


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