Tuesday, January 25, 2011

KL Shares continue downtrend on Tuesday (Jan 25, 2011)

January 25, 2011 5 PM

BURSA MALAYSIA: KL Shares Continue Downtrend

At 5pm, the FTSE Bursa Malaysia KLCI was 16.54 points easier at 1,526.43.

TA Securities Head of Research Kaladher Govindan said profit-taking activities would continue this week ahead of the Chinese New Year celebration.

He said investors were cautious and remained sidelined following the lack of market-stimulating movements.

Blogger: There were 292 counters up and 511 counters down. The market is quite weak. It is not suitable for trading. The best is stay out at the moment.

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