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Saturday, August 07, 2010

Bursa Malaysia Weekly Summary

KLCI Daily Chart

KLCI still holding up. However, looks like it is correcting from an overbought situation. Uptrend line support is at 1320.

Construction sector looks a little bit weak. Plantation is tearing up due to higher CPO price. Will the wheat play spread to all the agriculture commodities?

Malaysia Monthly Weekly Daily
FBM KLCI Up Up Up
Finance Up Up Up
Construction Up Up Neutral (-)
Plantation Up Up Up
Property Up Up Up

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