Monday, October 29, 2012

MARKET WRAP: WEEK ENDED 26 OCTOBER’12

Regional Markets Pull Back On Weak U.S. Corporate Earnings News


  • The FBM KLCI traded in a narrow range before closing the week at a record intraday high of 1,671.9 points to register a weekly gain of 0.3%.
  • Regional markets generally closed on a soft note as sentiment was dampened by weak U.S. 3rd quarter earnings results.
  • 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.

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