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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.

3 comments:

WB 2 said...

How you know it is foreign buying or foreign selling ?

Ben Gan said...
This comment has been removed by the author.
Ben Gan said...

Good question. When the market moves up, there is more buying than selling. When it moves down, it's the other way round.
As to whether it's foreign buying or not, I think we have to ask the newspapers. They are ones to say so.

5:18 PM