latest market wrap report for the week ended 10 December 2010
-courtesy of public mutual-
The FBM KLCI moved to a 4-week intraday high of 1,523.0 points on Friday before pulling back to close at 1,507.3 points for the week with an increase of 0.4%.
Regional markets were generally well-supported on the back of a firmer close on Wall Street. However, the China and Hong Kong markets eased on expectations of more credit tightening measures in China following the mainlands higher-than-expected inflation rate of 5.1% for November.
Looking ahead, the local market is anticipated to move in tandem with overseas markets as investors continue to monitor the outlook for global economic activities.
Wednesday, December 15, 2010
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