Tuesday, July 7, 2009

Market wrap report for the week ended 3 July 2009

WEEKLY HIGHLIGHTS

The KLCI touched a 2-week intraday high of 1,083.2 points before mild profit-taking caused the index to close at 1,072.7 points to register a marginal loss of 0.3% over the week.

Regional markets closed on a mixed note following the decline in U.S. markets.

After rebounding in 2Q2009, regional markets have recently moved in a trading range amidst profit-taking activities. Looking ahead, investors will continue to monitor the outlook for U.S. credit market, global economic growth and interest rates.

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