Skim Unit Amanah Syariah: December 2011

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.

Market Wrap: Week Ended 2 Dec 2011

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.