Saturday, December 16, 2006

KLCI closed at 1089.22 (+13.85)

KLCI open: 1078.17
Close: 1089.22; Vol: 8407 million shares
Gainers: 546; Losers:291; Unch: 290

Contrary to my prediction, the KLCI staged a rebound aided by better performance of the regional burses and the bid by Wilmar to privatise PPB Oil. The short term outlook is neutral. For the intermediate term and long term, it is bullish.

RUBHD closed 23c higher at 2.58 and a big white candle has appeared. Volume traded at 16,350 lots had improved. This is bullish. Buy or hold on to your shares. Better days are ahead.

Although the KLCI is at a high level, the second liners and mesdaq counters have not moved much. I see value in the following counters which I believe have upside potentials:

VADS 6.00; AIGB 1.64; I-Power 0.975; Nexnation 0.685; FSBM 1.38; LKT 3.16 and MNRB 4.20.

As usual you buy and sell at your own risk, absolutely. This blog disclaims all liability for your perusal of its commentary, article and opinion.

Good luck and happy investing.