Intra-Day MSO 3/9/2009 1230 (Thursday)

Asian stocks opened low but returned to black after Chinese market edged higher. Shanghai Composite Index added another 3.48% at the break.

FBM KLCI shrugged off US Market’s overnight fall opened in positive note and moved higher to end at 1,172.65 lost 4.64. Volume increased by only 38 mln to 278 mln.

Market traded with some enthusiasm but remained cautious with the Oscillator swung up and down in tight range. The Oscillator ended at +213.33 gained 40.21 from the starting point. The Average recorded a gain of 193.12.

Market enthusiasm should be able to sustain but expected no excitement. (Constructed and shared by Smartbiz)