Malaysia Market – End of the Day

Asian markets extended their slide, with Japan sliding 2.7% as threat of a global recession loomed closer.
Local market was in the same scenario with KLCI fell another 11.02 pts to 858.22. The weakening exports data also weighed down investors' appetite for equities. January exports fell 27.8% to RM38.3 billion from RM53.04 billion a year ago as electrical and electronic (E&E) and crude petroleum exports fell.
Key Indicator (Blue) of the Daily MSO Chart turned its head south again after today’s trading. The Indicator lost 12.37 pts to 90.59. The 10bln mini-budget was deemed too small and failed to stimulate the market.
Forward market scenario will remain as it is until new stimulus was seen. (Click on Chart to view)