The CI ended down 0.4%, finishing the second quarter of the year 0.5% lower. Meanwhile on the FKLI new month July settle at 1303, 6 points discount against cash. Total volume transacted at 12669 from 16574 the previous day as most of the month end roll complete. Major Southeast Asian stock markets were mixed yesterday, a lackluster second quarter for most, amid concerns over funding conditions for European banks and the pace of the global recovery.
Regional market- Hong kong and Thailand market closed today.
There has been no panic selling in the market yesterday despite the sharp drop in Dow. Meanwhile, we have a bearish view on the fkli as its trading below the major SMA We still wait and see if the FKLI and maintain at the physiological support at 1300. To the upside, the 1325 pt-level is still the immediate resistance while next resistance is seen at the 1350 pt-level. The 1298-1303 pt-level is still the immediate support for the market
US MARKET
U.S. stocks staggered to the end of a dismal second quarter last night in another low volume session as investors found little reason to take on risk after conflicting economic data. The Dow dropped 96.28 points (-0.98%) The S & P 500 Index slid 10.53 points (-1.01%), to 1,030.71. Nasdaq fell 25.94 points (-1.21%) to 2,109.24. For the second quarter, the Dow fell 10%, the S&P 500 lost 12% and the Nasdaq dropped 12% as worry about Europe's sovereign debt and the sustainability of the U.S. economic recovery caused investors to pull back from the most recent closing highs hit in late April
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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.
Regional market- Hong kong and Thailand market closed today.
There has been no panic selling in the market yesterday despite the sharp drop in Dow. Meanwhile, we have a bearish view on the fkli as its trading below the major SMA We still wait and see if the FKLI and maintain at the physiological support at 1300. To the upside, the 1325 pt-level is still the immediate resistance while next resistance is seen at the 1350 pt-level. The 1298-1303 pt-level is still the immediate support for the market
US MARKET
U.S. stocks staggered to the end of a dismal second quarter last night in another low volume session as investors found little reason to take on risk after conflicting economic data. The Dow dropped 96.28 points (-0.98%) The S & P 500 Index slid 10.53 points (-1.01%), to 1,030.71. Nasdaq fell 25.94 points (-1.21%) to 2,109.24. For the second quarter, the Dow fell 10%, the S&P 500 lost 12% and the Nasdaq dropped 12% as worry about Europe's sovereign debt and the sustainability of the U.S. economic recovery caused investors to pull back from the most recent closing highs hit in late April
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The information herein was obtained or derived from the source that we believed are reliable.No liability can be accepted for any loss that may arise from the use of this report.All opinions and estimates included in this report constitutes our judgement as of this date and are subject to change without notice.
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