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Article: Ann Joo likely to extend technical rebound

Article from:
New Straits Times
Article date:
May 11, 2009
Author:
Copyright

S.N. Lock
New Straits Times
05-11-2009
Ann Joo likely to extend technical rebound
Byline: S.N. Lock
Edition: Main/Lifestyle
Section: Business Times
Column: Taking stock
Type: Market

SHARE prices on Bursa Malaysia regained their upward momentum when they resumed their technical rebounds last week.

The Kuala Lumpur Composite Index (KLCI) staged a technical breakout of its major psychological resistance of 1,000 points when it closed at 1,026.78 last Friday.
Key heavyweight index-linked counters lifted the KLCI while second and third liners underpinned overall market volume, keeping it above the 1-billion-unit mark.

The KLCI rallied from its intra-week low of 993.20 on Monday before hitting its ...

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