Sunday, March 30, 2008

Hope for another technical rebound

KLCI ends +0.3% at 1258.41 in heavy trade; buying interest in stocks across sectors on end-1Q "window dressing" by local funds. Some 949 million shares change hands, market breadth positive with gainers outpacing losers 498 to 237. Retail interests concentrated more on speculative lower liners and the select heavyweight stocks that had encountered sharp falls. Investors are expected to continue increasing their exposure for a further technical rebound ahead, before the current rally shows sign of exhaustion, likely near to the 1,300 psychological level or the 40-day SMA near 1,325.


No comments: