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Article: Short consolidation likely

Article from:
New Straits Times
Article date:
July 14, 2009
Author:
Copyright

S.N. Lock
New Straits Times
07-14-2009
Short consolidation likely
Byline: S.N. Lock
Edition: Main/Lifestyle
Section: Business Times
Column: Chart point
Type: Market

THE local stock market drifted lower in directionless trading yesterday, moving in step with the weak performances on regional stock markets. Losers outpaced gainers by 378 to 198.

The FTSE Bursa Malaysia Composite Index (FBM KLCI) fell from its intra-day high of 1,068.02 to its intra-day low of 1,060.96 yesterday. It closed at 1,063.66, giving a day-on-day loss of 4.10 points, or 0.30 per cent.
Konsortium Logistik Bhd staged a technical rebound yesterday. Its daily price trend closed at RM1.48, posting a day-on-day gain of 17 sen, ...

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