market wrap report for the week ended 07 Jan 2011

WEEKLY HIGHLIGHTS

courtesy of public mutual

• The local market kicked off the New Year with the FBM KLCI touching a record intraday high of 1,577 points on Thursday before closing at 1,572.2 points to register a gain of 3.5% for the week.

• Regional markets generally closed higher on continued expectations that the U.S. and global economic activities are gaining strength.

• Looking ahead, the local market is anticipated to move in tandem with overseas markets as investors continue to monitor the outlook for global economic activities