Daily Commentaries 15th Mar 07

The KLCI’s performance showed that investors are still jittery with the market closing sharply down at 1166.38 pts. Still volume was not significant showing that selling pressure was weakening. Today’s news comes in the form of MAS announcing a new turboprop airline named Firefly, OSK’s offer to buy MBF Corp’s 49% stake in QBE Insurance. We are hopeful that the 1165 pts support level will hold for today.