Local Market Leads:
♦ Due to the weak closing on the US DJIA on last Friday, the local bourse, in line with the regional markets, opened lower in early Monday’s trading.
♦ However, as soon as the selling activities eased, bargain hunters moved back in to scoop up the core index-linked stocks. That helped to lift the key FBM KLCI, pompting it to close up marginally by 0.51 pt to 1,346.89.
♦ The regional markets on the other hand, closed lower mostly with falls of 1.0-1.4% for the day. The HSI, KOSPI and FTSTI closed 1.4%, 1.1% and 1.0% lower respectively.
Market Technical Reading - Risk Of A “Double Top” Formation Remains... - 4/5/2010
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