Asian markets were mostly lower after hiking for a few days.
Malaysian market followed its peers traded lower during the morning session but regained strength before closing. KLCI gained 4.64 pts to 856.82. TMI, Sime and Maybank were among the gainers. Oil and gas stocks were active counters as global crude prices edged over US$51.
The Key Indicator (Blue) of the Daily MSO Chart retreated slightly after today’s Trade. The Indicator is now at +7.59 lost 7.41 pts. However, today’s robust performance during the last half an hours of the market is very impressive whereby not only that the Oscillator cut its own Average decisively but volume also increased impressively.
Market sentiment is improving but the thin volume is still a concern. (Click on Chart to view)
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