Wednesday, January 03, 2007

KLCI (+20.85) at 1117 Vol 9750

Blue chips and plantation stocks were in good demand. The KLCI put on 20.85 points to close at 1117 with above average turnover. The previous high of 1,110 on Dec 11 was breached today. This is a bullish and auspicious sign. Some funds from Thailand seem to be coming to us. The immediate future looks good.

The second liners have not moved yet. It’s time to look at them now.

Good luck.