The index bucked the selling pressure as renewed interest kept pushing the benchmark index higher. As such, the growing momentum is likely to lift the index higher. Driven by external and internal factors, the FBMKLCI may rise higher if the current momentum persists.
See MoreThe DMI indicators have flashed a bullish crossover, signalling growing momentum which could push the index higher. As the FBMKLCI is still in an uptrend, an upward follow-through can be expected if current sentiment remains. Moving forward, the 1,578 level should be within sight if the index is able to close above the recent high.
See MoreStrong gains on the back of higher trading volumes signify a genuine breakout, potentially prolonging the uptrend. However, the remarkable gains in the last few days may attract investors to lock in gains.
See MoreAt the close in NYSE, the DJIA added 1.78%, while the S&P 500 index gained 1.59%, and the NASDAQ Composite index climbed 2.21%.
See MoreAt the close in NYSE, the DJIA rose 0.36%, while the S&P 500 index gained 0.45%, and the NASDAQ Composite index gained 0.52%.
See MoreAt the close in NYSE, the DJIA declined 0.30%, while the S&P 500 index added 0.50%, and the NASDAQ Composite index gained 0.95%.
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