KLSE Daily Market Summary 1st October 2024

The market has improved to a short-term bullish state, with Market Momentum moving into positive territory and short-term trend strength rising to the 50% level. The medium-term trend is also starting to catch up.

However, the breakout indicator is still lagging, with breakdowns currently outnumbering breakouts.

Additionally, we are seeing increased inflows into poultry-related stocks.

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