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Time's long-term price trend remains under pressure ..LE: 795 ..PG: 12 ..PU: BT ..TX: LAST week, share prices on Bursa Malaysia Bhd continued to move sideways in their bids to consolidate their recent rebound gains. Key heavyweight index-linked blue-chip.

Asia Africa Intelligence Wire

| July 26, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Business Times (Malaysia))

LAST week, share prices on Bursa Malaysia Bhd continued to move sideways in their bids to consolidate their recent rebound gains. Key heavyweight index-linked blue-chip counters also took turns to consolidate their gains the previous week. On the back of this a lack of fresh stimulating factors overall market sentiment continued to drift aimlessly in an otherwise directionless market. Institutional investors continued to stay on the sidelines to await a much clearer technical picture to emerge before committing further portfolio positions.

However, retail players made their way back into the market when some major market players re-ignited the speculative plays on …

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