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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
05 Jun
08:40 am

Based on the daily chart, the FBMKLCI continue to form higher highs and higher lows, and penetrated the immediate resistance of 1,558 yesterday.

The index is set to retest the next resistance of 1,595 in the near term, given the strong momentum as flashed by the RSI and a bullish crossover in the MACD.

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04 Jun
08:49 am

Based on the daily chart, the FBMKLCI continues to form higher highs and higher lows and penetrated the previous resistance of 1,530 yesterday.

Given the positive follow-through from the successful closing above the BBI line, the index may rise further. Moving forward, we expect the index will continue to move towards the immediate resistance of 1,558 in the near term.

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03 Jun
08:45 am

From a technical perspective, the FBMKLCI continues to form higher highs and higher lows and penetrated the psychological level of 1,500 yesterday.

Currently, the RSI line has risen and already in overbought territory, which signals weaker buying pressure and thus may push index to make a pullback in the near term, while the MACD currently is on bullish crossover. However, the recent steep rebound is vulnerable to profit-taking.

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05 Jun
08:40 am

US stocks were mixed after the close on Thursday, as gains in the Financials, Telecoms and Basic Materials sectors led shares higher while losses in the Utilities, Technology and Healthcare sectors led shares lower.

At the close in NYSE, the DJIA added 0.05% to hit a new 3-months high, while the S&P 500 index fell 0.34%, and the NASDAQ Composite index lost 0.69%.

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04 Jun
08:49 am

US stocks were higher after the close on Wednesday, as gains in the Financials, Oil & Gas and Industrials sectors led shares higher.

At the close in NYSE, the DJIA rose 2.05% to hit a new 3-months high, while the S&P 500 index gained 1.36%, and the NASDAQ Composite index gained 0.78%.

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03 Jun
08:45 am

US stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Basic Materials and Industrials sectors led shares higher.

At the close in NYSE, the DJIA gained 1.05% to hit a new 1-month high, while the S&P 500 index climbed 0.82%, and the NASDAQ Composite index added 0.59%.

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