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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
13 Nov
08:58 am

In line with our earlier expectations, the FBMKLCI continued to form higher highs and higher lows yesterday.

The uptick in the RSI suggests buying pressure has started to gain traction, which could lead to further upside in the near term. We expect the index to continue to move up if it breaks above the immediate resistance of 1,621.

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12 Nov
08:32 am

Following recent gains, FBMKLCI was unable to sustain its momentum and succumbed to heavy profit-taking in the last few days.

Based on the daily chart, the index is still trading above the short-term uptrend line even though it was in negative territory yesterday. Overall buying momentum still exceeds selling momentum, as shown by positive readings in the DMI and the MACD which are also in a bullish crossover. If the index can maintain at above 1,600 for some time, we expect the short- to medium-term outlook to be bullish.

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11 Nov
09:52 am

After a few days of gains, the FBMKLCI saw a negligible retracement on mild profit taking.

From a technical perspective, the key support level remains at 1,600 and a base must be established to prolong the index’s uptrend. The index’s outlook remains bullish and the FBMKLCI could retest its immediate resistance of 1,621 in the near term.

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13 Nov
08:58 am

US stocks market were mixed after the close on Tuesday, as the gains in the Healthcare, Technology and Basic Materials sectors led shares higher while losses in the Telecoms, Oil & Gas and Financials sectors led shares lower.

At the close in NYSE, the DJIA declined 0.00% to hit a new all time high, while the S&P 500 index gained 0.16%, and the NASDAQ Composite index added 0.26%.

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12 Nov
08:31 am

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

At the close in NYSE, the DJIA gained 0.04% to hit a new all time high, while the S&P 500 index declined 0.20%, and the NASDAQ Composite index lost 0.13%.

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11 Nov
09:51 am

US stocks market were higher after the close on Friday, as the gains in the Healthcare, Technology and Consumer Services sectors led shares higher.

At the close in NYSE, the DJIA gained 0.02% to hit a new all time high, while the S&P 500 index added 0.26%, and the NASDAQ Composite index added 0.48%.

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