Friday, January 12, 2007

Market Commentary

Aided by foreign buying and a better regional market, the KLCI rebounded to close at 1,119.33 after a high of 1,120.96 and a low of 1,108.44. Volume improved to 11,655,618 lots. There were 744 ups and 182 downs.

The KLCI is moving within a tight range of 1,121.41 & 1,103.26. It is difficult to predict whether the upper limit will be breached come next week. Only time will tell.