• Led by the rebound in global markets, the FBM KLCI touched a nine-week intraday high of 1,488.2 points on Friday before closing at 1,481.8 points, up 3% for the week.
  • Regional markets rebounded sharply after European leaders reached a deal to contain the Eurozone debt crisis. The Hang Seng China Enterprises Index led the region with a weekly gain of 15.2% while the Hong Kong market rose by 11.1% over the same period.
  • Looking ahead, market sentiment may continue to be volatile in the near term despite the recent run-up on optimism over the Eurozone’s latest financial rescue plan.