2011年5月11日星期三

KLCI +0.9%; Financials Lead; 1540 Resistance

 The KLCI is up 0.9% at 1537.37 in afternoon trade with financial and construction stocks leading the gainers. Volume remains low with about 560 million shares traded so far. A local dealer says gains in regional markets and Wall Street's advance overnight are supporting market sentiment. He tips immediate resistance at 1540, then the psychological level of 1550. Market breadth is positive with 470 gainers vs 187 losers. Hong Leong Bank (5819.KU) is up 4.0% at MYR11.96, Sime Darby (4197.KU) is up 4.0% at MYR9.19, MMC Corp. (2194.KU) is up 3.6% at MYR2.90 and Petronas Chemicals (5183.KU) is up 2.0% at MYR7.02. Among losers, DiGi.com (6947.KU)

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