Skim Unit Amanah Syariah

Market Wrap: Week Ended 9 Dec 2011

Posted by BluesMan in Tuesday

The FBM KLCI eased in line with regional markets to close at 1,460.1 points to register a loss of 1.9% for the week.
Regional markets were broadly lower as investors awaited the outcome of the latest European Union summit held on Friday to address the debt crisis.
Looking ahead, market sentiment may continue to be volatile in the near term amid the ongoing European debt crisis.

Posted by BluesMan

Led by higher global markets, the local market rebounded to a 14-week high of 1,502.5 points on Thursday before closing at 1,489.0 points to register a weekly gain of 4.0%.
Regional markets registered strong gains of between 4% and 10% after six major central banks jointly agreed to provide liquidity to global financial markets.
Looking ahead, market sentiment is expected to remain volatile in the near term as investors remain focused on developments underlying the Eurozones sovereign debt issue.

Posted by BluesMan in Wednesday

The FBM KLCI retreated in tandem with regional equity markets to close at 1,468.8 points to register a loss of 0.6% for the week.
Regional markets retreated on renewed concerns over the European sovereign debt crisis. The Hong Kong and South Korean markets fell by 3.6% and 3.4% respectively over the week.
Looking ahead, market sentiment may continue to be volatile in the near term amid the ongoing European debt crisis.

Posted by BluesMan

After easing to the weeks intraday low of 1,452.6 points on Thursday in line with weaker offshore markets, the FBM KLCI rebounded on Friday to close at 1,477.5 points and register a slight loss of 0.3% for the week.
Regional markets closed on a mixed note on fears that a potential referendum by the Greek people on the EUs bail-out plan could cause renewed uncertainties for the Eurozone.
Looking ahead, the performance of the local and regional markets will depend on developments pertaining to the sovereign debt issues in the U.S. and European markets.