Daily Commentaries 15th May 2008

The KLCI rose as high as 1296 but was not able to sustain its gains and closed near the low at 1287. Nevertheless, market breadth was positive with gainers beating losers at 371 to 313. Steel stocks continued to attract buying attention following the recently announced liberalization. Among the corporate news, Maybank registered a marginal drop in quarterly earnings, MAS extends its “Everyday Low Fare” to Asean countries and China, Boustead Holdings to take Boustead Properties the details of which will be announced today, Key ASIC was selected as the design service partner of high performance video scaling and processing chips for Silicon Valley-based Anchor Bay Technologies, Quill Capita Trust buys property in Penang from IJM Properties for RM132m.