Wednesday, July 08, 2009

MarketWrap : negative but holding hope for another day...


-Overall, a negative mkt. However, "over-done" and " DJ may rebound" assumptions prevented any major setback today on bargains buying.
-In a very quiet day, FBM managed to hold above 1060 ignoring external weakness, thanks to Maybank and telco stocks.
-Fkli struggled to keep FBM's pace to crossover 1060. It did, however, continued to afloat above the uptrend line despite not so encouraging environment.
-Technically, the mkt is ready for a rebound, just waiting for DJ cues.

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