Asian stocks regained grounds after falling two consecutive days. However, gains were minimal with Singapore market still staying in red.
FBM KLCI fell on opening and stayed in red for the whole morning session. The Index ended off low at 1,160.49 lost 3.92. Volume was 424 mln.
Market sentiment was poor but managed to improve towards the break. The Oscillator crawled back from its low to cut its Average before the break. The Average recorded a loss of 360.49.
As Asian bourses have staged some gains, there is a possibility that our market will also return to its previous day’s level. Overall sentiment will gradually regain momentum but not much excitement will be seen as volume is shrinking. (Constructed and shared by Smartbiz)
FBM KLCI fell on opening and stayed in red for the whole morning session. The Index ended off low at 1,160.49 lost 3.92. Volume was 424 mln.
Market sentiment was poor but managed to improve towards the break. The Oscillator crawled back from its low to cut its Average before the break. The Average recorded a loss of 360.49.
As Asian bourses have staged some gains, there is a possibility that our market will also return to its previous day’s level. Overall sentiment will gradually regain momentum but not much excitement will be seen as volume is shrinking. (Constructed and shared by Smartbiz)
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