Tuesday, March 22, 2011

KLCI Off 0.1%; 1505-1515 Range Tipped

The KLCI is off 0.1% at 1507.94 in early afternoon trade but the market breadth remains
positive with 443 advancers against 230 decliners, as concerns over Japan's nuclear crisis ease. "Sentiment has clearly
improved but a lot of the buying interest is in second-liners, which have been battered down last week," a local dealer
says. He tips the index in a 1505-1515 range for the rest of the session. Among gainers KL Kepong (2445.KU) is up 0.8%
at MYR20.88, SapuraCrest (8575.KU) is up 2.8% at MYR3.62 and Sime Darby (4197.KU) is up 0.9% at MYR9.11. Decliners
include MISC (3816.KU), which is down 3.5% at MYR7.66 and F&N (3689.KU), which is down 1.1% at MYR15.62.

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