The index is expected to hover between 1,635 and 1,645 following the strong US stock performance.
Malaysia’s FBM KLCI remains in a consolidation phase, with no major catalysts expected to drive changes in the near term.…
FBM KLCI fell 11.23 points, while China’s blue-chip stocks surged 4.5% amid optimism over China’s economic stimulus efforts.
Market outlook remains optimistic with potential momentum resuming, taking cues from Wall Street’s positive close
Market breadth was negative with 501 losers against 479 gainers. Total volume stood at 3.05bn shares valued at RM3.78bn.
The strong performance was rather surprising spurred by the influx of foreign funds with the 1,630 mark decisively broken.
We believe this will eventually instill some confidence on the smaller caps thus expect the daily volume to improve going…
The lower liners remained upbeat, while the Healthcare (-0.3%) and Transportation & Logistics (-0.1%) sectors underperformed the mostly positive sectorial…
Domestically, we anticipate that the local bourse will continue to extend the negative momentum seen last week, following the sell-off…
We anticipate the FBM KLCI to build onto yesterday’s gains as investors cheer onto the dovish stance over the interest…
Economic wise, investors will be keeping an eye onto US Chicago PMI and home sales that is expected to be…
While local institutions turned net buyers, foreign investors reversed their three weeks of net buying, selling RM423.5 million worth of…
After a string of losses, Bursa Malaysia made gains yesterday with half the key index components rising with bargain hunting…
While the FBM KLCI managed to tick higher owing to mild buying support, we foresee the benchmark to hover within…
The weakening of the Japanese yen against the greenback to a 38-year low could prompt possible fresh realignments of portfolios…
Analysts anticipate the benchmark index to range between 1,580 and 1,590 today
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