Wednesday, March 19, 2008


KLCI ends +0.2% at 1180.02 in moderate volume, reversing intraday low of 1166.83; this after Prime Minister announces his new cabinet line-up, which eases political uncertainty; some 700 million shares changed hands; market breadth positive with advancers beating losers 413 to 360. The fact that some old names weren't retained on the list was heartening. Now it remains to be seen if they (the newly appointed ministers) can do a good job and make a real change to become more transparent and efficient; market to trade within 1170 to 1190 range tomorrow, depending on outcome of FOMC meeting later today.

My bet on Equine & MAS

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