KLSE Daily Market Summary 20th September 2024

The KLSE market is showing continued improvement, gaining bullish momentum. The Short-Term Trend Strength has improved, with 55% of stocks now holding above the short-term trend.

The Market Momentum Tracker has remained in positive territory for the second consecutive day, indicating that the market is sustaining its momentum from the previous day.

For the first time since the end of July, we are observing more short-term breakouts than breakdowns, a positive shift for the KLSE market. Given that the market was down throughout August, this development is a welcome change and points to a promising upward trend.

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