We believe as there are no catalyst in the local front. KLCI will trace Greece development. We believe markets already factored in Greece development. However a sudden impact may emerge as opportunity.
RM continue weakening may spark further sell off. But we still think RM is undervalued due to reasons. Finally HSI will also give clue on KLCI heading directions.
We continue to monitor MNRB, EIG and Affin. We will buy into the market if there is weakness.