Local Market Leads:
♦ Undermined by constant selling activities amid growing concerns over the global economic prospects, the FBM KLCI extended its losing streak for the sixth straight day and lost the crucial 1,300 psychological level on Monday.
♦ Upon closing, the index was down by another 7.94 pts or 0.61% to 1,299.50, with strong selling pressure on selective heavyweights like Sime (-20sen) and CIMB (-7sen).
Mandarin Version : Market Technical Reading - Immediate-term Outlook Turning More Bearish... - 6/7/2010
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