Local Market Leads:
♦ Led by profit-taking activities on key blue chips, the FBM KLCI took a breather, closing lower on Tuesday after the recent bullish chart breakout.
♦ Also, given the lacklustre sentiment in the regional markets, amid lack of trading catalysts, investors decided to lock in profit on the rallied big-cap stocks like Maybank (-11sen) and Genting (-15sen).
♦ For the day, the FBM KLCI settled down at 1,317.94, losing 6.28 pts or 0.47%.
♦ Savvy investors turned sideline again yesterday, forcing the turnover to dwindle back to 798m shares, versus Monday’s 1.16bn shares. Disappointedly, losers topped gainers again by 455 to 253.
♦ Other Asian counterparts closed nearly flat. Hang Seng inched up 0.05%, while Nikkei 225 eased 0.17%.
Mandarin Version - Market Technical Reading : Outlook Remains Positive If It Sustains At Above 1,300… - 10/...
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