FBM KLCI seen retesting 1,670 level as softening US job market keeps rate cut expectations elevated

  • 📰 malaymail
  • ⏱ Reading Time:
  • 52 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 86%

Bursa Malaysia ข่าว

Week Ahead

KUALA LUMPUR, Sept 7 — Bursa Malaysia is poised to retest the 1,670 level next week on improved sentiment as the latest US jobs data point to a softening labour market, keeping...

From missing exams to rejected from civil service: Why Malaysia-born stateless persons fear citizenship law change will forever trap them in limbo

“Despite the mixed US economic data, recession concerns seem overstated,” he said, seeing a gradual improvement in market sentiment as the week progresses. He added that this week’s domestic market setback offers a compelling buying opportunity due to more attractive valuations. However, he said investors should remain aware of the market’s heightened sensitivity to US economic data.

Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said from a technical standpoint, the 20-day and 50-day exponential moving averages are both trending upward, with the index staying above them. This signals a continued bullish trend in the short and medium term, though the proximity to the 20-day EMA hints at potential consolidation.

The FBM 70 Index was weaker by 349.47 points at 17,094.45 and the FBM ACE Index dropped 31.64 points to 5,084.45. The Main Market’s volume decreased to 8.66 billion shares worth RM14.01 billion against 10.26 billion shares worth RM19.34 billion a week ago.

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 1. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Market outlook: FBM KLCI shows bullish momentum, set to consolidate between 1,680-1,700 next weekKUALA LUMPUR, Aug 31— The FBM KLCI is anticipated to trend within the range of 1,671-1,700 next week as investor sentiment is expected to improve regionally and globally, said...
แหล่ง: malaymail - 🏆 1. / 86 อ่านเพิ่มเติม »

FBM KLCI surges to near 4-year high as banking stocks lead rallyBANGKOK: Pheu Thai MPs have voted to expel Palang Pracharath Party (PPP) from the coalition because they believe PPP leader General Prawit Wongsuwan was behind Srettha Thavisin’s removal as prime minister.
แหล่ง: staronline - 🏆 4. / 75 อ่านเพิ่มเติม »