20090330 MCI Biweekly Update

Between March 16, 2009 to March 27, 2009, the MCI index leapt from 4789.6 to 5088.4, up by 298.8 points. After nearly 5 and a half months fluctuating below the 5000 level (the index fell below the 5000 mark on Oct 16, 2008), the market momentum has finally once again pushed the index back above it. Although the confidence level is still categorized by WitsView as “Very low” (to change from Very Low to Low, the index must return above the 6000 level), it is still symbolic, as 5000 was the initial starting point when WitsView created the index back in 2003.