Can the local bourse avoid prolonged consolidation?

The FBM KLCI maintained its uptrend, closing near 1,615, and is expected to trade within the 1,615–1,625 range, with hopes of surpassing 1,630 to avoid prolonged consolidation.

Wall Street reached record highs, led by tech stocks, as traders await U.S. employment data that could influence the Federal Reserve’s interest rate policy. The U.S. 10-year yield eased to 4.184%.

Consolidation

In Hong Kong, the HSI dipped slightly but sentiment remains positive, with expectations of more Chinese easing measures and increased interest in travel stocks like Trip.com due to expanded visa-free policies.

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