Categories: FBM KLCIStocks and Markets

Will market make gains today

Bullish market but caution is advised on potential risks with the looming threat of a US recession and geopolitical tensions while "Investors tread cautiously"

FBM KLCI closed higher, up 0.54% to 1,660.35, driven by gains in financial services, plantation, and healthcare. Losers included industrial products, technology, and transportation.

Market breadth negative with 501 losers vs. 479 gainers. Total volume: 3.05bn shares, RM3.78bn.

Regional Indices – Market gain

HSI: +0.22% to 17,234.09
SHCOMP: +0.28% to 2,744.19
Nikkei 225: -0.16% to 36,159.16
STI: +0.46% to 3,512.67

Wall Street: Mixed; DJIA -0.23% to 40,736.96, Nasdaq +0.84% to 17,025.88, S&P 500 +0.45% to 5,495.52.

Market Ends Lower Amid Regional Bloodbath

October 20, 2023

In "Stocks and Markets"

Buyers to return with interests shifting to Technology and Telco sectors

February 22, 2024

In "Stocks and Markets"

Stocks: Bargain Activities Expected

The FBM KLCI was also affected by the regional weaknesses affected by the property scene in China. "In view of the change in sentiment to cautious mode, we reckon the index to trend within the 1,450-1,460 range today as some bargain hunting activities may emerge. "On a more positive note,…

September 6, 2023

In "Stocks and Markets"

Staff Writer