Local Market Leads:
♦ Led by the last-minute purchases on selective heavyweights, Bursa Malaysia bucked the regional markets’ downtrend by settling at its highest level since end-Feb 2008 on Friday.
♦ This has successfully shrugged off the afternoon profit-taking activities, which were triggered by the overseas weakness amid growing cautiousness ahead of the US 2Q GDP report due in late last Friday.
Market Technical Reading - Heading Towards The 1,390 Level Soon… - 02/08/2010
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