Local Market Leads:
♦ The local market pared down its early losses on Tuesday, aided by an afternoon recovery in the overseas markets amid renewed bargain-hunting supports following the recent steep corrections.
♦ But due to the continuous selling in blue chips like Maybank (-10sen), Plus (-11sen) and Genting (-8sen), the FBM KLCI still lost 4.10 pts or 0.31% to 1,330.17 at the end of the day.
♦ In fact, the local trading sentiment stayed under pressure, despite the turnaround in the key Asian bourses in the afternoon session.
Market Technical Reading - More Selling Activities Likely In The Near Term... - 19/5/2010
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