Blog ini telah di kemaskini di http://seminarjutawansaham.blogspot.com
My Blog List
Barisan Penceramah
Destinasi Seminar
Tuesday, January 19, 2010
Market Review
Holding on. The FBM KLCI started the day on a weak note following earlier losses on
Wall Street although the losses were largely pared in the afternoon. Market breadth was
firm, with extended interest in lower liners. Rubber stocks, which were bashed down last
Friday, attracted bargain hunters while Public Bank rose on expectations of a good set
of upcoming results. Today’s key headlines are Dubai Group to sell its stake in Bank
Islam and UBG said it has yet to receive the takeover offer from Petro Saudi
International. We expect the market to continue taking cue from external events and
news flow in the absence of fresh domestic leads. The string of US corporate results
due later this week should dictate overall sentiment as investors gauge the strength of
the economic recovery. We expect the market to retest its resistance level of 1300 pts
today.
Tuesday, January 19, 2010
Market Review
Holding on. The FBM KLCI started the day on a weak note following earlier losses on
Wall Street although the losses were largely pared in the afternoon. Market breadth was
firm, with extended interest in lower liners. Rubber stocks, which were bashed down last
Friday, attracted bargain hunters while Public Bank rose on expectations of a good set
of upcoming results. Today’s key headlines are Dubai Group to sell its stake in Bank
Islam and UBG said it has yet to receive the takeover offer from Petro Saudi
International. We expect the market to continue taking cue from external events and
news flow in the absence of fresh domestic leads. The string of US corporate results
due later this week should dictate overall sentiment as investors gauge the strength of
the economic recovery. We expect the market to retest its resistance level of 1300 pts
today.
No comments:
Post a Comment