Local Market Leads:
♦ Underpinned by firm bargain-buying support on selective heavyweights, the local market edged higher for the fifth straight day and hit a fresh year high on Thursday.
♦ Investors overlooked the overnight weakness in the US markets, while spreading their buying interest across the board, from fundamental stocks like Axiata and RHBCap (+12sen) to lower liners, such as TimeCom (+1.5sen), E&O (+6sen) and Scomi (+2sen).
♦ Axiata was the biggest index mover, as the share price surged 16sen to RM4.31 on strong turnover. Its strong gain has boosted the FBM KLCI to end at 1,358.41 with a 3.22 pts or 0.24% gain for the day.
♦ Turnover expanded further to 1.0bn shares, compared to Wednesday’s 847m shares. There were 386 advancers against 345 decliners.
♦ Elsewhere, most Asian markets ended positively following the strong early showing in the European markets.
Market Technical Reading : The Bulls Are Ready To Take The Market Higher…-30/07/2010
No comments:
Post a Comment