Tuesday, July 14, 2009

Market wrap report for the week ended 10 July 2009

WEEKLY HIGHLIGHTS

The newly introduced 30-stock component FTSE Bursa Malaysia KLCI (FBM KLCI), which replaced the 100-component stock KLCI on 6th July, moved in a trading range before closing at 1,067.8 points to register a marginal loss of 0.5% for the week.

Regional markets were mixed as investors generally stayed on the sidelines in the absence of fresh leads.

Looking ahead, the outlook for regional equity markets will depend on the trend of regional exports, the impact of fiscal stimulus in each country, the outlook for U.S. economy and reforms in the U.S. financial sector.

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