This morning, Asian markets mostly remain in positive zone though gains were not as much as a day before.
FBM KLCI zigzagged up and down along yesterday’s close but ended in positive area at 1,140.08 gained 0.83. Volume increased by 63 mln to 519 mln.
Market sentiment was weaker with selling across the board. The Intra-Day Oscillator stayed in red since the opening and ended the morning session at -262.19 lost only 35.61 from the starting point. The Average recorded a loss of 173.08.
So far, the Key Indicator didn’t send out any alert yet as the loss, for the morning session, is only 18% when compares with yesterday’s closing. But, because today is the T+3 due date of last Friday’s heavy buying, it is hard to see any excitement from the market. Fortunately, buying on dip was seen actively thus giving market the necessary support. For the Index, it is plausible to have some correction after hiking for about 73 points since last week. But, downswing should be acceptable given the continuous optimism shown by other Asian bourses. (Constructed and shared by Smartbiz)
FBM KLCI zigzagged up and down along yesterday’s close but ended in positive area at 1,140.08 gained 0.83. Volume increased by 63 mln to 519 mln.
Market sentiment was weaker with selling across the board. The Intra-Day Oscillator stayed in red since the opening and ended the morning session at -262.19 lost only 35.61 from the starting point. The Average recorded a loss of 173.08.
So far, the Key Indicator didn’t send out any alert yet as the loss, for the morning session, is only 18% when compares with yesterday’s closing. But, because today is the T+3 due date of last Friday’s heavy buying, it is hard to see any excitement from the market. Fortunately, buying on dip was seen actively thus giving market the necessary support. For the Index, it is plausible to have some correction after hiking for about 73 points since last week. But, downswing should be acceptable given the continuous optimism shown by other Asian bourses. (Constructed and shared by Smartbiz)
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