Intra-Day MSO 9/9/2009 1230 (Wednesday)

Asian stocks fell as investors were not sure whether market valuations are justified by the underlying macro-economic improvement or not after prices rose so high.

FBM KLCI succumbed to mild correction after it rose more than 11 points yesterday. KLCI finished at 1,196.58 lost 5.49 at the break. Volume decreased by 45 mln to 344 mln.

Market sentiment followed KLCI sang in negative tone. The Oscillator sliding all the way to break at -181.15 lost 257.46 from the starting point. The Average recorded a loss of 56.98.

Amid poor performance from Asian bourses, market sentiment will have no way to perk up but it is anticipated KLCI will recoup some losses before closing. (Constructed and shared by Smartbiz)