Local Market Leads:
♦ The local market staged a mild rebound on Monday, as bargain-hunting support picked up in the afternoon session following Asian markets’ positive closing and a rally in European markets amid easing concerns on Greece’s debt problem.
♦ Regional investors scooped up stocks on the view that Greece's activation of EU-IMF bailout plan on last Friday would shrug off near-term worries of a possible serious debt default by the country. Also, another rally on the US DJIA on last Friday, to a fresh 19-month high aided spice to the trading sentiment.
♦ Nikkei 225 rallied the most by soaring 2.31%, followed by Taiwan Weighted (+1.91%) and Hang Seng (+1.61%). In fact, investors also ignored news that China might introduce an annual property tax to cool down surging prices in the property sector.
♦ Upon closing, the FBM KLCI was up 3.29 pts or 0.25% to 1,340.07, closer to its day high of 1,340.37.
♦ Despite that, the overall sentiment appeared dull with 800m shares transacted. Market breadth turned positive with 362 gainers leading 306 losers for the day.
Mandarin Version : Market Technical Reading : Sustainability Of This Recovery Remains Questionable...-27/04...
No comments:
Post a Comment