Sunday, March 02, 2008

DOW JONES DOWN MORE THAN 300 PTS

KLCI ended down 0.8% at 1357.40 in thin volume, off intraday low of 1354.79, led by declines in blue chips and index-linked heavyweights, as recent economic indicators from the US raised concern on economic growth of the world's largest economy. Market breadth positive, with gainers outpacing decliners 383 to 357, as local funds lent buying support to some stocks. Benchmark index tipped to trade between 1338 (head and shoulders neckline) and 1368 (200-day moving average) next week. Recent economic indicators from the US suggest there may be more negative surprises and this is likely to weigh heavily on trading sentiment.

TOMYAM SHOPPING LIST

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