Asian markets traded mixed but Singapore market jumped by nearly 2%. Singapore’s economy expanded faster than initially expected as manufacturing and services improved.
FBM KLCI tumbled into red immediately after market opened and stayed in red all the times. The Index ended the morning session at 1,185.49 lost 2.51. Volume increased by 35 mln to 607 mln.
However, market sentiment was positive with the Oscillator crawling upwards and ended at +280.66 gained 146.94 from the starting. The Average recorded a gain of 219.71.
Due to the shrinking volume and the fact that KLCI was staying in red all the time, market enthusiasm might not be sustainable, this afternoon. (Constructed and shared by Smartbiz)
FBM KLCI tumbled into red immediately after market opened and stayed in red all the times. The Index ended the morning session at 1,185.49 lost 2.51. Volume increased by 35 mln to 607 mln.
However, market sentiment was positive with the Oscillator crawling upwards and ended at +280.66 gained 146.94 from the starting. The Average recorded a gain of 219.71.
Due to the shrinking volume and the fact that KLCI was staying in red all the time, market enthusiasm might not be sustainable, this afternoon. (Constructed and shared by Smartbiz)
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