Intra-Day MSO 30/7/2009 1230 (Thursday)

Asian markets declined for second day after China market failed to recover this morning. The giant tumbled yet another 1.15% at the break.


FBM KLCI was resilient as it rebounded from its low 1,153.81 and ended at 1,158.79 lost 5.69. Volume decreased by373 mln to 742 mln.

Need not to say, market sentiment was bearish with the Oscillator tumbled after failing to sustain its morning gains. The Oscillator ended at -202.04 lost 255.70 from the starting. The Average recorded a loss of 71.55.

It is viewed that market might fall deeper this afternoon as there is no sign of recovery from other Asian bourses and furthermore, no volume to cope with selling pressure. (Constructed and shared by Smartbiz)