Asian markets followed Dow Jones’ fall on Friday and slid extensively. At the break, Japan market fell by 2.41%, Hong Kong 1.26% and Singapore 0.65%.In Malaysia market, blue chips continued to succumb to profit taking with lower liners followed suit. The KL Composite Index fell near the psychological important 1,000 level this morning but immediately bounced back and ended at 1,003.90 lost 10.31 pts. Volume reduced significantly by 275 mln shares to 822 mln shares.
The Intra-Day Sentiment Oscillator also managed to climb higher after falling as deep as -2,180.55. The Oscillator finished at 1,581.13 gained 21.47 points when compares with the starting point.
This afternoon, market sentiment should remain weak as investors were mostly sidelined while waiting for fresh entry point. Though KLCI is staying above the 1,000 level but was not supported by plausible volume. (Constructed and shared by Smartbiz)
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