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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
20 Apr
07:58 am

The FBMKLCI continued to form a lower high and lower low on yesterday’s movement, and closed lower at 1,600.29.

This was further reinforced by the downtick in the RSI, which suggests that buying momentum would continue to ease over the next few days. However, lingering selling pressure may drag the index lower, and it could retest the immediate support at 1,541 and psychological level of 1,500 in the near term.

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19 Apr
07:52 am

the FBMKLCI’s short-term uptrend has been interrupted by last Friday’s negative closing

However, it does not mean the medium-term bullish trend is over, as the current weakness can be seen as a correction rather than a reversal. With the index sliding, trading volumes are also getting thinner, indicating weaker selling pressure. As such, we expect the index to resume its uptrend once the current consolidation ends.

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16 Apr
08:03 am

the FBMKLCI climbed higher yesterday in tandem with broader market performance as investors believed the recent correction is over

Despite yesterday’s positive closing, our outlook remains neutral for the short term as we expect further consolidation. Nevertheless, the recent gain may give investors an opportunity to seek short-term swing trading in potential stocks.

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20 Apr
07:58 am

US stocks were lower after the close on Monday, as losses in the Consumer Goods, Technology and Consumer Services sectors led shares lower

At the close in NYSE, the DJIA fell 0.36%, while the S&P 500 index declined 0.53%, and the NASDAQ Composite index declined 0.98%. Falling stocks outnumbered advancing ones on the NYSE by 1,996 to 1,015 and 115 ended unchanged; on the NASDAQ Stock Exchange, 2,331 fell and 865 advanced, while 110 ended unchanged.

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19 Apr
07:54 am

US stocks were higher after the close on Friday, as gains in the Basic Materials, Telecoms and Healthcare sectors led shares higher.

At the close in NYSE, the DJIA rose 0.48% to hit a new all time high, while the S&P 500 index climbed 0.36%, and the NASDAQ Composite index climbed 0.10%. Rising stocks outnumbered declining ones on the NYSE by 1,674 to 1,377 and 99 ended unchanged; on the NASDAQ Stock Exchange, 1,755 fell and 1,423 advanced, while 111 ended unchanged

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16 Apr
08:04 am

US stocks were higher after the close on Thursday, as gains in the Technology, Healthcare and Basic Materials sectors led shares higher

At the close in NYSE, DJIA added 0.90% to hit a new all time high, while the S&P 500 index gained 1.11%, and the NASDAQ Composite index climbed 1.31%. Rising stocks outnumbered declining ones on the NYSE by 1,890 to 1,169 and 89 ended unchanged; on the NASDAQ Stock Exchange, 1,673 fell and 1,521 advanced, while 93 ended unchanged

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