Year-end rally pushes KLCI above the trendline

REVIEW: Window-dressing activities aside, the strong performance of equities in the latter half of the week serves to illustrate that the economy remains resilient despite the broadly negative sentiment plaguing the markets.

The rally on Wall Street in the Boxing Day session, which gave the Dow Jones Industrial Average a push of over 1,000 points rested on strong holiday sales figures that showed healthy consumer spending and underlying it, a robust economy.