Market Sentiment To Improve

Key regional markets closed broadly higher last Friday. Nikkei 225 and STI gained 0.53% and 0.91% to end at 28,214.75 and 3,262.95 respectively. Meanwhile, HSI and SHCOMP surged 2.69% and 0.82% to end at 19,362.25 and 3,262.05 respectively.

Market Sentiment To Improve
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The FBM KLCI ended marginally higher from selective buying on Banks and Telcos. With several attempts to breach the 1,500 mark failed, we reckon the index to breach this resistance today as we expect sentiment to improve with focus on the Banks and Technology sectors again.

Meanwhile, the Energy sector could see some volatility despite crude prices rebounded with the Brent surged past the US$92/barrel. The Oil & Gas players are still plagued by concerns of weakening demand.

FBM KLCI closed marginally higher last Friday as market sentiment continues to improve across the region. The benchmark index gained 0.12% or 1.80 points to end at 1,496.53 with gainers led by HLFG, INARI and PBBANK. Market breadth was mixed with 456 gainers against 336 losers while 407 were unchanged. Total volume stood at 2.36bn shares valued at RM1.48bn.

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