Market Technical Reading - Sustaining At Above The 10-day SMA Key To Positive Short-term Sentiment…- 20/07/2010

Local Market Leads:
♦ Share prices in Bursa Malaysia closed lower on Monday, tracking losses in key regional markets as investors turned cautious following a sudden plunge in the US markets late Friday, due to the poor Consumer Confidence Index in July preliminary reading.
♦ However, trading sentiment in the local bourse recovered slightly in the afternoon session, as bargain hunters moved back to scoop up bargain stocks.

Market Technical Reading - Sustaining At Above The 10-day SMA Key To Positive Short-term Sentiment…- 20/07/...