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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
24 Sep
11:08 am

Given that selling pressure still persists, the FBMKLCI closed in negative territory yesterday and was below both 7-day and 21-day EMA.

Given the downtick in the RSI, which signals growing selling momentum, we expect the index to test the immediate support at 1,581 in the near term. A rebound from this level could reverse the current weakness. We recommended investors tread the market cautiously and use a tight stop-loss to protect their capital.

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23 Sep
08:47 am

Despite last Friday’s positive closing, our outlook remains neutral for the short term as we expect further consolidation.

We expect the FBMKLCI to hover in the range of 1,580-1,610 for the time being, and violation of either limit would spark a follow-through.

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20 Sep
08:40 am

The FBMKLCI extended its decline following uncertainties throughout the region. Based on the daily chart, the DMI shows a prevailing bearish momentum.

This is supported by a downtick in the RSI, which signals growing selling momentum. We expect the index to test the immediate support level at 1,581.

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24 Sep
11:08 am

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

At the close in NYSE, the DJIA rose 0.06%, while the S&P 500 index lost 0.01%, and the NASDAQ Composite index lost 0.06%.

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23 Sep
08:47 am

US stocks were lower after the close on Friday, as losses in the Consumer Services, Technology and Industrials sectors led shares lower.

At the close in NYSE, the DJIA declined 0.59%, while the S&P 500 index declined 0.49%, and the NASDAQ Composite index declined 0.80%.

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20 Sep
08:40 am

US stocks were mixed after the close on Thursday, as gains in the Telecoms, Healthcare and Utilities sectors led shares higher while losses in the Consumer Services, Oil & Gas and Industrials sectors led shares lower.

At the close in NYSE, the DJIA fell 0.19%, while the S&P 500 index climbed 0.00%, and the NASDAQ Composite index climbed 0.07%.

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CHARTGENIE