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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
15 Sep
09:52 am

From a technical perspective, the FBMKLCI has shown signs of recovery following the recent sell-down.

However, we expect the technical rebound to be temporary as the index is still trading below the Ichimoku cloud. The RSI line remains below the 50 threshold, indicating the selling pressure is still strong. As such, approach the market cautiously for the time being.

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14 Sep
09:21 am

From a technical perspective, the FBMKLCI has shown signs of a recovery following the recent sell-down.

Given that regional markets have been in positive territory for the past few days, we expect a spillover of positive sentiment to lead to a possible technical rebound in the FBMKLCI. However, we expect the technical rebound to be temporary as the index is trading below the weekly downtrend line, which indicates bearishness.

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10 Sep
09:02 am

Based on the daily chart, the FBMKLCI penetrated the psychological support of 1,500 and closed lower at 1,496.72 yesterday.

Nevertheless, the daily chart analysis shows that selling pressure has not yet been fully absorbed, thus paving the way for a possible downtrend ahead. This is supported by a downtick in the RSI, while the DMI is currently showing that selling momentum has overcome buying momentum. We expect the index will continue to form lower highs and lower lows towards the immediate support level at 1,477.

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15 Sep
09:52 am

US stocks were higher after the close on Monday, as gains in the Consumer Goods, Healthcare and Financials sectors led shares higher.

At the close in NYSE, the DJIA rose 1.18%, while the S&P 500 index gained 1.27%, and the NASDAQ Composite index added 1.87%.

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14 Sep
09:21 am

US stocks on Friday finished a volatile week and trading session mixed, with once-high-flying technology-related stocks suffering the heaviest losses since the coronavirus pandemic took hold in March.

Investors attributed the recent volatility to concerns about the presidential election, which is looming, but also to elevated valuations for e-commerce and mega-cap companies that have thus far led the market's rally from the depths of this public-health crisis.

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10 Sep
09:01 am

US stocks finished sharply higher Wednesday, snapping a three-day selloff that a day earlier drove the Nasdaq Composite into a correction at the fastest pace in history following its record high last week.

The DJIA, +1.59% closed up 440 points, or 1.6%, at 27,940, boosted by gains in Microsoft Corp. MSFT, +4.25%, Apple AAPL, +3.98% and salesforce.com CRM, +3.79%.

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CHARTGENIE