11. A recovery on Wall Street helped improve sentiment toward the dollar, a day after a precipitous plunge in U.S. stock prices led currency traders to dump the currency. 12. Analysts said the stability of the ringgit also helped improve sentiments. 13. An economist with Danareksa Sekuritas, Raden Pardede, said the anticipation of a new IMF disbursement would, in a normal situation, have improved market sentiment. 14. Analysts said follow-through buying from retailers coupled with continued buying interest in financial stocks also helped to improve sentiments on the local bourse. 15. Bruce Rolph, head of equities at Bahana Securities, said there were no fresh incentives from the government to improve market sentiment in the local bourses. 16. Currency traders said they believe the IMF money will improve sentiment for both the peso and the stock market. 17. Dealers said advances in leading blue chips like Honda and Mitsubishi Heavy were helping improve sentiment. 18. Currency dealers said the debt agreement, which should have improved market sentiment, failed to entice offshore funds back into the currency market because of lingering political uncertainties. 19. Currency watchers believe the IMF money will improve sentiment for both the peso and the stock market. 20. Despite improving market sentiment, analysts are not expecting any big surprises Tuesday. |