• 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.