Market Commentary

The bears were in the driver’s seat today driving the KLCI to a low of 1,107.02 from a high of 1,119.74 with 10,008,830 lots traded. It retreated 5.77 points to close at 1,113.19.

There were 250 ups and 633 downs. Compared to the fall of other Asian stock markets today, our performance was not too bad. The immediate outlook is neutral to negative.

The entitlement date of I-Power’s bonus issue of 3 for 2 is 29.1.07 and its ex-date is 25.1.07.