Local Market Leads:
♦ Bursa Malaysia continued its rally on Monday, underpinned by continuous bullish sentiment in the US markets on high hopes that the US second-quarter earnings season would see favourable results beginning this week.
♦ However, most regional bourses succumbed to fresh profit-taking pressure, as some investors turned cautious ahead of the US Alcoa’s earnings announcement after the closing bell on Monday. Hang Seng only upped 0.44%, off its early gains of 0.79% at one stage.
Market Technical Reading - Likely To Take A Breather After The Recent Rally... - 13/7/2010
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