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Wednesday, December 31, 2008

Malaysia Market - Mid-Day Comments

12:30 Asian markets motivated by Dow’s gain were mostly higher. Hong Kong up by 1.36% but Singapore down by 0.79%. Japan closed for holiday.

KLCI lingering in tight range and ended at 883.28 gained 1.65 points or 0.19%.

Broader market indicator, MSO, fell and ended at -4.48 indicating investors are mostly sidelined with sellers overwhelm buyers in the market.

Market should be quiet with some window dressing before closing.

 

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