Local Market Leads:
♦ Thanks to the last-minute buying support on the key heavyweights, the local market continued its recent upswing and chalked up its seventh day of gain on Wednesday.
♦ With the late push-up on CIMB (+8sen), BAT (+84sen) and PetGas (+7sen), the FBM KLCI was lifted from the negative territory, after suffering from strong profit-taking pressure earlier, amid lukewarm regional performance.
♦ At the close, the benchmark FBM KLCI finished 1.22 pts or 0.09% higher at 1,320.57.
♦ Elsewhere, most Asian markets closed lower on profit-taking activities. FTSTI dropped the most by slumping 1.57%, while Hang Seng and Shanghai Composite slid 0.63% and 0.62% respectively.
♦ Daily turnover fell below the 1.0bn shares mark to 961m shares. The trading volume has been retreating for the past three trading days. Market breadth stayed negative for a second day, as losers overwhelmed gainers by 441 to 275.
Mandarin Version - Market Technical Reading : Profit-taking Pressure Increases On The Recent High Flyers......
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