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Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
24 Apr
08:40 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 below the medium downtrend line. The RSI line remains below the 50 threshold, indicating selling pressure is still strong. As such, approach the market cautiously for the time being.

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23 Apr
08:23 am

Based on a daily candlestick analysis, the FBMKLCI did not start the week on a positive note.

But the positive signal yesterday from the formation of a bullish crossover in the MACD should kick off further upward movement in the index as the selling pressure should have diminished with the index consolidating within 1,609-1,650 in the past few weeks. If the index cannot remain at above this level, the downtrend will return and the index could find support at 1,600 and 1,594 levels.

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22 Apr
08:34 am

The FBMKLCI has recovered from the earlier pullback to close higher at 1,622.07 last Friday.

From a technical perspective, the RSI line rose from the oversold territory, which signals weaker selling pressure and thus may push the index higher in the near term. But overall we expect the index will go on sideway mode afterwards ranging from 1,600-1,635.

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24 Apr
08:40 am

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

At the close in NYSE, the DJIA rose 0.55% to hit new 6-months high, while the S&P 500 index gained 0.88%, and the NASDAQ Composite index climbed 1.32%.

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23 Apr
08:23 am

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

At the close in NYSE, the DJIA lost 0.18%, while the S&P 500 index added 0.10%, and the NASDAQ Composite index climbed 0.22%.

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22 Apr
08:33 am

US stocks were higher after the close on Friday, as gains in the Industrials, Telecoms and Technology sectors led shares higher.

At the close in NYSE, the DJIA gained 0.42% to hit new 6-months high, while the S&P 500 index climbed 0.16%, and the NASDAQ Composite index gained 0.02%.

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