0446 GMT [Dow Jones] KLCI down 0.8% at 1207.14 in thin volume, mirroring weak regional bourses following decline on Wall Street Friday, say dealers. "Trade was very choppy throughout the morning with short-term investors locking-in recent gains in expectation of a steeper pullback," says dealer. However, thin trading volume suggests selling pressure relatively mild; index may find strong psychological support at 1200. Among decliners, plantation stocks worst hit with Sime Darby (4197.KU) shedding 0.6% to MYR8.53, IOI Corp (1961.KU) losing 2.3% at MYR5.22, KL Kepong (2445.KU) retreating 0.9% to MYR13.86. On upside, handful of penny-stocks and speculative issues advanced but profit-taking may narrow gains later, says dealer; among gainers LFE Corp (7170.KU) +11% at 45.5 sen, NSTP (3999.KU) +1.8% at MYR1.59 and Proton (5304.KU) +1.0% at MYR4.26. (VGB)
Dow Jones Newswires
September 28, 2009 00:46 ET (04:46 GMT)
Copyright (c) 2009 Dow Jones & Company, Inc
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