Kuala Lumpur shares close little changed - UPDATE 4/1/2007
- Share prices closed little changed after
investors took profits from the market's new-year opening rally.

The KLCI closed up 1.09 points at 1,118.18.
Losers outnumbered gainers 432 to 416, with 280 stocks unchanged and 194
counters untraded.
Trading volume was 1.14 bln shares valued at 1.44 bln rgt.
At the close, blue chip Genting and major plantation counters such as PPB
Oil and KLK were down on profit-taking. Genting shed 0.25 rgt to 34.00 while
PPB Oil lost 0.40 rgt or 3.13 pct to 12.40 and KLK shed 0.20 rgt or 1.37 pct
to 14.40.
Bank stocks closed higher and helped offset the market's losses.
Bumiputera-Commerce gained 0.30 rgt or 3.8 pct to 8.20 while its call
warrants (Commerz-CW) jumped 0.40 rgt or 11.76 pct to 3.80 before they were
suspended pending a material announcement on the proposed disposal of its
insurance companies.
Bumiputra Commerce had been in negotiations with three financial
institutions, namely Kurnia Asia, AMMB Holdings and Allianz General Insurance
for the possible sale of its general insurance arm Commerce Assurance Bhd.
Elsewhere, General insurer LPI Capital Bhd was sharply higher after
reporting a 45 pct year-on-year rise in net profit for the fourth quarter to
December to 25.42 mln rgt.
Investors also welcomed the company's decision to declare a final
dividend of 80 sen per share, bringing its total dividend to 105 sen per
share.
LPI Capital was up 0.40 rgt or 4.21 pct at 9.90.
At the close, the ringgit was traded at 3.5150/5180.

For tomorrow...short term market still very bullish...target 1200 points...

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