Technical Outlook Of The KLCI Index

Stocks in Bursa Malaysia traded with renewed vigour into the start of the new year 2006, helped by inflow of speculative foreign funds betting on the continued strength of the ringgit, with an imminent rate hike by Bank Negara in the near future. The current technical picture is bullish with an initial target of 950, which is to be revised from time to time as we gather more information in the future. For now, the party is on! Stay close for further updates.