Kuala Lumpur shares close higher-
UPDATE 16/1/2007
- The benchmark Kuala Lumpur Composite Index (KLCI) closed up 8.08 points
or 0.72 pct at 1,127.41.
Gainers led decliners 676 to 252 with 246 stocks unchanged and 246
counters untraded.
Trading volume was heavy at 1.50 bln shares valued at 1.96 bln rgt.
Among blue chips, Malayan Banking rose 0.20 rgt to 11.50, Esso Malaysia
advanced 0.24 rgt or 8.22 pct to 3.16, Resorts World increased 0.50 rgt to 15.
80 and Bumiputra Commerce was up 0.28 rgt at 4.44
Technology stocks were higher supported by rotational interest, with AKN
Technology rising 0.01 rgt to 0.51, Globetronics Technology advancing 0.03
rgt or 8.82 to 0.37 and Uchi Technologies up 0.04 rgt at 3.18.
Genting surged 1.50 rgt or 4.44 pct to 35.25 after a report that the
group is planning to invest 3 bln usd to build a biofuel plant in Indonesia.
Sapura Technology advanced 0.105 rgt or 11.93 pct to 0.985 on a report
that its parent has secured a 1 bln rgt project from the government.
TRC Synergy added 0.19 rgt or 11.18 pct to 1.89 on hopes that the
construction firm may secure more contracts from the government's Ninth
Malaysia Plan.
Proton Holdings rose 0.35 rgt or 5.47 pct to 6.75 on speculation that GM
may make an offer to acquire a stake in the ailing car maker at 10.00 rgt per
share.

For tomorrow...market may do some correction...

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