Market Wrap report for the week ended 27 June 2008

WEEKLY HIGHLIGHTS

The KLCI fell to a 14-week intraday low of 1,186.7 points on Friday as regional shares tumbled following the sharp pull-back on Wall Street on Thursday. The index closed at 1,190.5 points to register a loss of 1.3% for the week.
Regional markets retraced in line with the Dows sharp decline of 3% on Thursday and the spike in oil prices to above US$142/brl on Friday.
The market is anticipated to move in tandem with overseas markets as investors monitor the outlook for oil prices, economic growth and interest rates in the U.S.