FBMKLCI Weekly Outlook
7-20 Sep 2024
🔹 This week will see a shortened trading period with only four active days, with some traders likely to extend their breaks due to the long weekend and school holidays. Despite this, recent activity on the local bourse and the recovery of the S&P 500, now nearing its all-time high of 5,670, have been encouraging.
🔹 Following a near 10% drop between mid-July and early August due to US recession fears, the S&P 500 has rebounded, driven by gains in high-beta sectors like technology. We expect this strength in global equities to support Bursa Malaysia trading higher next week. We anticipate the FBMKLCI to trade within the 1,650 to 1,670 range.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBKMKLCIWeeklyOutlook
#FBMKLCI
7-20 Sep 2024
🔹 This week will see a shortened trading period with only four active days, with some traders likely to extend their breaks due to the long weekend and school holidays. Despite this, recent activity on the local bourse and the recovery of the S&P 500, now nearing its all-time high of 5,670, have been encouraging.
🔹 Following a near 10% drop between mid-July and early August due to US recession fears, the S&P 500 has rebounded, driven by gains in high-beta sectors like technology. We expect this strength in global equities to support Bursa Malaysia trading higher next week. We anticipate the FBMKLCI to trade within the 1,650 to 1,670 range.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBKMKLCIWeeklyOutlook
#FBMKLCI