This morning, Asian markets followed US market’s overnight 3.07% gain mostly edged even higher.
FBM KLCI made a 5-points jump on start and ended the break lower at 1,116.56 gained 19.32. Volume increased tremendously by 449 mln to 1,068 mln.
Market sentiment turned cautious after seeing the Index moved in dizzy height. The Intra-Day Oscillator slid all the way down after opened with an unbelievable record of 3,758.70. The Oscillator rested at 1,339.98 lost 2,418.72. However, volume also decreased accordingly as most investors still hold on their positions. The Average recorded a gain of 2,231.78.
This afternoon, profit taking will continue but buying also emerges to support the market. It is hard to ignore this type of market for those late comers. Index will maintain its present gesture in tandem to its Asian peers. (Constructed and shared by Smartbiz)
FBM KLCI made a 5-points jump on start and ended the break lower at 1,116.56 gained 19.32. Volume increased tremendously by 449 mln to 1,068 mln.
Market sentiment turned cautious after seeing the Index moved in dizzy height. The Intra-Day Oscillator slid all the way down after opened with an unbelievable record of 3,758.70. The Oscillator rested at 1,339.98 lost 2,418.72. However, volume also decreased accordingly as most investors still hold on their positions. The Average recorded a gain of 2,231.78.
This afternoon, profit taking will continue but buying also emerges to support the market. It is hard to ignore this type of market for those late comers. Index will maintain its present gesture in tandem to its Asian peers. (Constructed and shared by Smartbiz)
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