Thursday, May 15, 2008

Testing 1,300 level

KLCI ends +0.1% at 1287.74 in sluggish trade on absence of market-moving catalysts; The tone of the market was mixed with strong gains in steel and plantation stocks offset by profit taking amid a weak technical outlook. Investors are still cautious because of the continued failure to surpass the 1300 level; gainers beat losers 371 to 313, with total 605 million shares traded; traders tip index to remain in 1275-1300 range near-term.


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