Local Market Leads:
♦ Share prices in Bursa Malaysia closed broadly higher on Monday, as institutional investors snapped up timber stocks, while retailers returned for a quick buck on the speculative lower liners.
♦ The benchmark FBM KLCI gained 4.07 pts or 0.31% to 1,319.21, amid optimism on the Invest Malaysia conference today, especially when the Prime Minister Najib Razak is expected to unveil the country’s New Economic Model (NEM).
♦ Amongst the top gainers, Lingui (+31sen), Subur (+22sen) and JTiasa (+19sen) gained on steady institutional buying, while TimeCom (+1.5sen), Oilcorp (+5sen) and UEMLand (+6sen) attracted retailers on speculative interests.
♦ Regional markets closed mildly positive, thanks to gains in last Friday’s US markets performances.
♦ Daily turnover eased slightly to 1.14bn shares, from Friday’s 1,25bn shares. Market breadth stayed positive, with 472 gainers versus 308 losers.
Mandarin Version : Market Technical Reading : Trading Sentiment To Remain Upbeat...-30/03/2010
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