Loading

Market Overview

MARKET AT A GLANCE

  • Malaysia
  • Regional
14 Dec
09:47 am

From a technical viewpoint, the FBMKLCI extended its gain in a second day of technical rebound yesterday and formed a bullish candle, suggesting a potential reversal is on the cards.

This is consistent with an uptick and a bullish crossover in RSI, suggesting a shift from selling to buying bias.

See More
13 Dec
08:56 am

This is consistent with an uptick and a bullish crossover in RSI, suggesting a shift from selling to buying bias.

Nevertheless, a positive follow-through needs to be established to validate the potential reversal as the index is still trading below both the 7-day and 21-day EMA lines, indicating that weakness has not diminished yet.

See More
12 Dec
11:42 am

Yesterday, the FBMKLCI made a strong downward penetration as the index breached the previous low of 1,657 and closed lower at 1,652.63, suggesting a weaker short-term outlook.

Given the negative connotation, the base has not yet been established with potential support seen at 1,648 and 1,637.

See More
14 Dec
09:47 am

U.S. stocks were mixed after the close on Thursday, as gains in the Utilities, Oil & Gas and Consumer Goods sectors led shares higher while losses in the Basic Materials, Telecoms and Consumer Services sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average rose 0.29%, while the S&P 500 index lost 0.02%, and the NASDAQ Composite index declined 0.39%.

See More
13 Dec
08:52 am

US stocks were higher after the close on Wednesday, as gains in the Basic Materials, Technology and Consumer Services sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.64%, while the S&P 500 index gained 0.54%. and the NASDAQ Composite index added 0.95%.

See More
12 Dec
11:41 am

US stocks were mixed after the close on Tuesday, as gains in the Consumer Goods, Utilities and Healthcare sectors led shares higher while losses in the Financials, Industrials and Basic Materials sectors led shares lower.

At the close in NYSE, the DJIA fell 0.22%, while the S&P 500 index fell 0.04%, and the NASDAQ Composite index added 0.16%.

See More
CHARTGENIE