Despite DJ gains, mkt turned south today amid a continuation of profit take activity. Regional mostly weaker tone on concern over possible tightening policy by China after strong inflation data on Thu.
For the week, mkt up +1% on local fund buying and stronger ringgit. Mkt up 3% on mthly basis after 2 weekly gains.
Technically, the mkt narrowly missed the intended target of 1348 and with closing almost 20 point lower from its high, its pointing to pullback mode especially is mkt opens soft on Mon, targeting 1/3 adjustment lvl near 1293. A sell mkt till it regains at least 1330.
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