Malaysia Market - Mid-Day Comments

12:30 Asian markets mostly edged up only slightly even though Dow Jones surged by 270 points last night. Japan was up by 1.41%, Hong Kong 1.56% and Singapore 0.87%.

Malaysia market also didn’t show much excitement with KLCI ended the morning session at 849.38 gained 3.63 points or 0.43%.

Market sentiment failed to sustain its bullishness and contracted after one and half hours of trading. MSO surged as high as +96.47 but down to +49.90 at the end of the session.

Market should continue to be sluggish during the afternoon session. Investors simply have no mood to take position.