WEEKLY HIGHLIGHTS (Wrap report for the week ended 25 April 2008)
The KLCI touched a 7-week intraday high of 1,300.1 points on Thursday following the rise in regional markets over the week. However, profit-taking caused the KLCI to close 1,288 points to register a gain of 1.6% for the week.
Most regional markets closed on a higher note with the Shanghai Composite Index and Hang Seng China Enterprise Index registering gains of 15% and 12.2% respectively for the week.
The local market is expected to continue to take its cue from regional markets as investors monitor the outlook for economic growth and interest rates in the U.S.
Tuesday, April 29, 2008
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