Local Market Leads:
♦ Inspired by a strong rally on the overnight Wall Street, the local market extended its recent winning streak four consecutive days on thin trading interest on Friday.
♦ Overnight, the US markets rallied more than 2.8% amid the improvement in the euro debt markets’ condition well as solid economic data from major countries, like China.
♦ In response, Asian markets, including Bursa Malaysia staged a further rebound. But gains were capped by the pre-weekend profit-taking activities and a weak opening in the European markets.
♦ Upon closing, the FBM KLCI gained only 3.36 pts or 0.26% to end at the day’s low of 1,294.67, after crossing over the 1,300 psychological level at one stage.
♦ Trading interest subsided with daily turnover declining sharply to 502m shares, down from Thursday’s 733m shares. There were 380 gainers versus 193 losers.
Market Technical Reading : Trading Interest To Stay Dull...-14/06/2010
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