Local Market Leads:
♦ Led by strong buying support on key heavyweights, the FBM KLCI finally penetrated above the 1,350 threshold for the first time since end-Feb 2008.
♦ Earlier, investors snapped up stocks by lifting the FBM KLCI higher at above 1,350 in response to another tripledigit rally in the US DJIA last Friday amid encouraging US earnings news and the removal of uncertainties following the release of stress test results on European banks.
Market Technical Reading : Must Hold Above 1,350 To Confirm A Bullish Breakout… - 27/07/2010
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