This morning, Asian markets traded with marginal gains amidst US market’s unstable ending, last night.
FBM KLCI edged higher but was capped by the 1,070 level. The Index ended the morning session lower at 1,068.01 gained 2.33. Volume decreased by 99 mln to 334 mln.
Again, market sentiment lost steam after initialing a good start with the Intra-Day Oscillator slid to end at -7.76, lost 327.22 from the starting point. However, the Average recorded a gain of 88.54 pts due to the good starting.
As the Index has shown resilient to selling pressure this morning, it will close higher, this afternoon. But, due to the weaker regional markets and end of the week, it will still be capped by the 1,070 level. As happened in the past several days, market sentiment will pick up and end in higher volume. (Constructed and shared by Smartbiz)
FBM KLCI edged higher but was capped by the 1,070 level. The Index ended the morning session lower at 1,068.01 gained 2.33. Volume decreased by 99 mln to 334 mln.
Again, market sentiment lost steam after initialing a good start with the Intra-Day Oscillator slid to end at -7.76, lost 327.22 from the starting point. However, the Average recorded a gain of 88.54 pts due to the good starting.
As the Index has shown resilient to selling pressure this morning, it will close higher, this afternoon. But, due to the weaker regional markets and end of the week, it will still be capped by the 1,070 level. As happened in the past several days, market sentiment will pick up and end in higher volume. (Constructed and shared by Smartbiz)
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