MARKET WRAP: WEEK ENDED 2 NOVEMBER’12

Regional Markets Up on Positive U.S. & China Economic Data

• After touching a new record intraday high of 1,678.6 points on Thursday, the FBM KLCI subsequently closed at 1,656.1 points for a loss of 0.9% for the week.
• Regional markets closed higher following news of better-than-expected U.S. consumer confidence data and an improvement in China’s Purchasing Managers Index for October.
• Looking ahead, the local market is anticipated to move in tandem with overseas markets as investors await further news on the trend in global economic data and developments in U.S. fiscal policy.