The FBM KLCI managed to close higher to almost the 1,630 mark underpinned by stock accumulation across the board. We believe the index may end 2024 on a higher note with the 1,650 level as the immediate resistance.
Benchmark index
“As such, we anticipate the benchmark index to hover within the 1,630- 1,640 range today,” says Rakuten Trade.
Wall Street closed broadly lower fueled by tech stocks as uncertainties loom over Trump’s economic policy and tariffs. Meanwhile, the US 10-year yield continues to stay elevated at 4.631%. Over in Hong Kong, the HSI ended marginally lower having trended within a narrow range as
investors are expecting for more stimulus measures following a poor run of Chinese industrial companies’ profits over the last few months.
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