Market Commentary23 July 2008The KLCI closed higher by 0.55% to 1109.57 points thanks to bargain-hunting in plantation stocks after oil prices rebounded overnight. Top leaders were Sime Darby (+25sen to RM7.85), Bumi-Commerce (+15 sen to RM7.80) and Genting (+10sen to RM5.30) while top laggards were Public Bank (-20 sen to RM10.10), TM International (-15 sen to RM6.10) and MISC (-5sen to RM8.65). Market breadth was positive with 304 gainers edging 232 losers. However, volume decreased to 329m shares worth RM 0.78b from Monday's 375m shares worth RM 0.91b. |
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Source: JF Apex Securities Bhd |
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