Looks like another dreadful day ahead. The KLCI is back above 1600 pts eventhough most of the 2nd liners are zzzzzzzz. Somehow, our KLCI never fails to perform better compared to other countries. Reasoning is simple. There are over a thousand counters in KLSE but the CI is only made up of 30 big stocks and a few big moves on these stocks will bring the CI rallying up. Very smart move .... Malaysia Boleh.
Tiger was down by more than 10% this morning with about 30 mil shares done. We see some upside activity back into Astro after some recent positive coverage by analyst and press. Its still trading below its IPO price. Other than that, the market is generally flat.