Market Turns Positive with Significant Gains
Today, the market turned notably positive, largely driven by the recent rate cut in the US. Most indicators are now showing positive signs.
The Market Momentum Tracker closed in positive territory, reflecting a robust upward movement. Additionally, the Short-Term Trend Strength indicator has risen above 50% for the first time since the end of July.
While breakdowns still outnumber breakouts, the current tre...

KLCI had a decent breakout towards the 1665 points region today with an overall positive market sentiment. Daily trading volume also managed to clinch back up towards the 3.9 billion mark, which is a positive sign.
Main stocks that showed strong buying momentum would be the likes of GTRONIC, GENETEC, CEB, 99SMART, MRCB, LHI, YTL, JCY, SUNWAY, SIMEPROP, MALAKOF, CAPITALA, NOTION, and YTLPOWR. All of which were able to sustain their rallies throughout the...