Rebound not sustainable ahead

  • Business Premium
  • Wednesday, 24 Jun 2009

KUALA LUMPUR: The technical rebound seen in Tuesday’s trade will not be sustainable as investors remain cautious ahead of the outcome of the US Federal Open Market Committee meeting to be known later Wednesday evening local time.

OSK Research Sdn Bhd analyst Shin Kao Jack said in a report that yesterday’s technical rebound did not alter the market’s bearish landscape.

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