KLSE Daily Market Summary 27th September 2024

The market showed a brief glimpse of optimism last Thursday and Friday, closing higher with some indicators turning positive. However, over the past few days, many stocks have pulled back, and all readings have reverted to negative. The brief bullish momentum has faded, proving to be short-lived.

Looking ahead, improvement in key metrics is needed to confirm a sustained bullish trend. Ideally, the Market Momentum Tracker should turn positive, both short- and medium-term trends should stay above 50%, and breakouts should exceed breakdowns.

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