FBM KLCI Extends Losses Amid Foreign Fund Shift; US Markets Rebound After Fed Speech
US markets ended positively, with the S&P 500 hitting a record high after the Fed Chairman’s dovish speech boosted confidence in the US economy.
READ MOREOctober 3, 2024
US markets ended positively, with the S&P 500 hitting a record high after the Fed Chairman’s dovish speech boosted confidence in the US economy.
READ MOREThe FBM KLCI rose by 0.2%, recovering in the final hour of trading despite concerns about a potential economic slowdown
READ MOREGlove-related stocks experienced heightened interest due to the potential imposition of higher US tariffs on Chinese glovemakers, further fueling market activity.
READ MOREYesterday, foreign funds may have been net sellers over the past 2 days after consecutive net inflows last week
READ MOREDespite the cautious undertone, foreign fund accumulation in local stocks is anticipated to persist.
READ MOREThe FBM KLCI finally cracked to almost the 1,650 mark as sellers emerged following a week of persistent stock accumulation.
READ MOREThe recent influx of IPOs, which raised over RM2 billion in the first half of 2024, could be contributing to the lower interest in small-cap stocks.
READ MOREAppreciating ringgit maybe be pushing buying on blue chips with foreign funds flow
READ MORESentiments for a soft landing improved due to lower CPI and PPI inflation numbers in the US, says MIDF.
READ MORELocal institutions now drive Malaysian fund flows, replacing foreign influence, with foreign shareholding potentially exceeding 20% amid stable political and business climates.
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