Kuala Lumpur shares close flat - UPDATE 7/12/2006
- Share prices closed flat in cautious trade
following weaker-than-expected October industrial output data, industrial output fell 0.8 pct
year-on-year in October, after rising 3.6 pct in September, due to a drop in
manufacturing and mining sector output.
The Kuala Lumpur Composite Index closed down 0.09 point at 1,098.26.

Losers outnumbered gainers 677 to 235, with 248 stocks unchanged and 157
counters untraded.
Volume was at 1.22 bln shares valued at 1.96 bln rgt.
Malaysia's export fortunes depend to a large extent on demand from the US.
Imran, however, said the industrial output numbers are expected to
rebound back to positive growth in November, adding that October numbers were
partly affected by less working days.
Dealers said many stocks saw profit-taking pressure following recent
gains.

Among blue chips, Telekom Malaysia fell 0.25 rgt to 9.65, Malayan Banking
was flat at 11.80, and Genting dropped 0.50 rgt to 29.25.
The New Straits Times Press Bhd (NSTP) and Utusan Melayu (Malaysia) Bhd
were both sharply higher on renewed hopes the merger between the two
companies would still go through.
Utusan Melayu surged 0.37 rgt or 25.17 pct to 1.84 and NSTP added 0.27
rgt or 10.93 pct to 2.74.
MEMS Technology advanced 0.015 rgt to 0.585 after the company said it has
been negotiating to supply micro-electro-mechanical system silicon
microphones and sensors to two overseas parties.
Packaging, industrial, food and household products group Texchem
Resources ended flat at 1.60 rgt after gaining earlier on a report that the
company aims to list two units and that it has set a sales target of 1 bln
usd in four years.
KUB Malaysia rose 0.01 rgt after the company announced that it has
secured another contract from Telekom Malaysia worth 19 mln rgt.

For tomorrow...market contenuied to edge higher after profit taking...

For CPO Market...correction toward 1800 levels...

STOCK TO WATCH

8478 HWATAI CL 0.65 0010 IRIS CL 0.25 0042 MOBIF CL 0.55