US market added another 90.88 pts last night as the Federal Open Market Committee decided to increase the size of its plan to acquire mortgage-backed securities, as well as to purchase longer-term Treasury securities over the next six months.
Malaysian market edged up about 5 pts after the opening bell and then drifted sideway for the rest of the day. The hike was led by blue chips such as Bursa and Maybank. KLCI eventually gained 4.22 pts to 852.18, recorded a second day hike.
Finally, the Key Indicator (Blue) of the Daily MSO Chart shifted into positive zone after been in the red for more than a month. The Indicator is now at +15.00 added 31.21 pts.
The same comment stays: Market sentiment is improving but cautiousness remains as volume was thin. (Click on Chart to view)
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