Asian markets continued to rise with Hong Kong market added another 2.33%. However, other markets traded with limited gains.FBM KLCI started in red but edged higher after about an hour and closed at 1,154.76 gained 6.06. Volume decreased by 150 mln to 377 mln.
Market sentiment turned positive from yesterday afternoon’s weak ending but volume continued shrinking. The Intra-Day Oscillator started in positive zone and gradually climbed higher to end the morning session at +240.41 gained 178.09 from the starting point. The Average recorded a gain of 153.37.
At the morning break, the Key Indicator is 84% below its peak.
This morning, market showed some strength with those losers of yesterday recouped some losses. But the extremely thin volume is still a concern. It is not sure market will tumble this afternoon as happened in yesterday.
The continuous rising of FBM KLCI confuses many analysts who mostly predicted a sharp drop today. (Constructed and shared by Smartbiz)
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