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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
30 Oct
08:59 am

Investors are still cautious in an uncertain market.

We believe the index would trade sideways in the near term. However, given the lack of domestic catalysts, external factors may have more weightage. Thus, the FBMKLCI may be vulnerable to negative sentiment in the region.

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28 Oct
08:47 am

Based on the daily Ichimoku chart, the index is currently trading below the Ichimoku cloud, which indicates bearishness.

Currently, selling momentum has not yet fully normalised with the RSI still trading below the 50pt threshold and the FBMKLCI is still vulnerable to a pullback. Nevertheless, the recent gains may give investors opportunity to seek short-term swing trading in potential stocks.

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27 Oct
09:00 am

Based on the chart, the index continued to form lower highs and lower lows and closed lower at 1,494.61 yesterday.

Overall, indicators are still negative as selling momentum remains strong. We remain bearish in our short- and medium-term outlook and expect the index to trade towards the next support levels at 1,477 and 1,450.

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30 Oct
08:58 am

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

At the close in NYSE, DJIA rose 0.52%, while the S&P 500 index added 1.19%, and the NASDAQ Composite index climbed 1.64%.

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28 Oct
08:46 am

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

At the close in NYSE, the DJIA lost 0.80%, while the S&P 500 index declined 0.30%, and the NASDAQ Composite index gained 0.64%.

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27 Oct
08:59 am

US stocks were lower after the close on Monday, as losses in the Oil & Gas, Industrials and Basic Materials sectors led shares lower.

At the close in NYSE, the DJIA fell 2.29%, while the S&P 500 index declined 1.86%, and the NASDAQ Composite index fell 1.64%.

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