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$FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$ $FTSE Bursa Malaysia Top 100 Index (.FBM100.MY)$ $FTSE Straits All-Share Index (.FSTAS.SG)$ $FTSE Singapore Straits Time Index (.STI.SG)$ 🙈 now MY and SG turn for a vertical dive, cash is 👑
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Written by: @Jungle lee
At the end of July, the Malaysian stock market was mainly shrouded in selling pressure and could not break through the 1638 point level. It only hovered between regions. However, market participants believe that July is still in an upward trend...
Looking back at the performance in July, the FTSE Bursa Malaysia KLCI Index... $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$From the low point of 1590 points in late June, it returned to the level of 1600 points, and at one point even reached 1638.29 points.
However, subsequent events such as the shooting of US presidential candidate Trump, his comments on increasing tariffs on China, and the global system meltdown affected investment sentiment, leading to arbitrage selling. Fortunately, it still stayed at the key level of 1610 points.
Asian stocks were not immune either, and were also influenced by external factors in trading sentiment. The performance in July varied, with the Straits Times Index in Singapore experiencing the largest fluctuations, while the Taiwan Weighted Index experienced the deepest decline.
Regarding the performance of the Malaysian stock market in July, Mr. Wong Theam Ming, CEO of Areca Capital, stated in an interview with Nan Yang Business Daily that investors have chosen to exit for arbitrage to avoid risks due to the fluctuating trend. He mentioned that this is a common strategy as any market movement triggers investors' sensitivity, so taking an arbitrage position is normal. However, overall, the composite index is still on an upward trend, which is considered a positive development. "There are still certain investment themes that are driving the market, so when there are large sell-offs, investors who believe that the valuation is at a low level will seize the opportunity to enter, which results in a fluctuating but generally upward trend."Senior stockbroker Lu Wen Hao also stated that it is normal to see a certain arbitrage wave in July. However, as the Malaysian Ringgit began to strengthen against the US Dollar, it is believed that more foreign capital will flow into the Malaysian stock market, boosting its performance.Mr. Wong Theam Ming, CEO of Areca Capital, mentioned in an interview with Nan Yang Business Daily that investors have chosen to exit for arbitrage to avoid risks due to the fluctuating trend. He stated that any market movement triggers investors' sensitivity, so taking an arbitrage position is normal. However, overall, the composite index is still on an upward trend, which is considered a positive development.
He stated that this is one of the strategies, as any movement will trigger investors' sensitive nerves, so it is normal to have an arbitrage position. However, overall, the index is still in an upward trend, which is relatively...
At the end of July, the Malaysian stock market was mainly shrouded in selling pressure and could not break through the 1638 point level. It only hovered between regions. However, market participants believe that July is still in an upward trend...
Looking back at the performance in July, the FTSE Bursa Malaysia KLCI Index... $FTSE Bursa Malaysia KLCI Index (.KLSE.MY)$From the low point of 1590 points in late June, it returned to the level of 1600 points, and at one point even reached 1638.29 points.
However, subsequent events such as the shooting of US presidential candidate Trump, his comments on increasing tariffs on China, and the global system meltdown affected investment sentiment, leading to arbitrage selling. Fortunately, it still stayed at the key level of 1610 points.
Asian stocks were not immune either, and were also influenced by external factors in trading sentiment. The performance in July varied, with the Straits Times Index in Singapore experiencing the largest fluctuations, while the Taiwan Weighted Index experienced the deepest decline.
Regarding the performance of the Malaysian stock market in July, Mr. Wong Theam Ming, CEO of Areca Capital, stated in an interview with Nan Yang Business Daily that investors have chosen to exit for arbitrage to avoid risks due to the fluctuating trend. He mentioned that this is a common strategy as any market movement triggers investors' sensitivity, so taking an arbitrage position is normal. However, overall, the composite index is still on an upward trend, which is considered a positive development. "There are still certain investment themes that are driving the market, so when there are large sell-offs, investors who believe that the valuation is at a low level will seize the opportunity to enter, which results in a fluctuating but generally upward trend."Senior stockbroker Lu Wen Hao also stated that it is normal to see a certain arbitrage wave in July. However, as the Malaysian Ringgit began to strengthen against the US Dollar, it is believed that more foreign capital will flow into the Malaysian stock market, boosting its performance.Mr. Wong Theam Ming, CEO of Areca Capital, mentioned in an interview with Nan Yang Business Daily that investors have chosen to exit for arbitrage to avoid risks due to the fluctuating trend. He stated that any market movement triggers investors' sensitivity, so taking an arbitrage position is normal. However, overall, the composite index is still on an upward trend, which is considered a positive development.
He stated that this is one of the strategies, as any movement will trigger investors' sensitive nerves, so it is normal to have an arbitrage position. However, overall, the index is still in an upward trend, which is relatively...
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i think US markets are too high now especially Nasdaq index. probably have to wait for major correction before going in to nibble in small quantities to buy the magnificent 7 stocks.
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Morning traders, Happy Friday, where blue screens are freezing industries like airlines and banking worldwide.
$CrowdStrike (CRWD.US)$, a cyber security firm took most of the blame, falling more than 9% after the firm told NBC a faulty update to its "Falcon Scanner" caused at least some of the issues that began Friday at 5:30 am. Most of the problems appear to have caused Microsoft 365 and Azure software and...
$CrowdStrike (CRWD.US)$, a cyber security firm took most of the blame, falling more than 9% after the firm told NBC a faulty update to its "Falcon Scanner" caused at least some of the issues that began Friday at 5:30 am. Most of the problems appear to have caused Microsoft 365 and Azure software and...
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$Bitcoin (BTC.CC)$ touched a one-month low as outflows from digital-asset investment products and the prospect of higher-for-longer US borrowing costs sapped the cryptocurrency market.
The largest digital asset shed as much as 3.2% on Tuesday, reaching a level last seen in mid-May, before paring some of the drop to trade at $64,520 as of 12:10 p.m. in New York. Smaller tokens such as Ether, Solana and Dogecoin also sank.
Some $600 ...
The largest digital asset shed as much as 3.2% on Tuesday, reaching a level last seen in mid-May, before paring some of the drop to trade at $64,520 as of 12:10 p.m. in New York. Smaller tokens such as Ether, Solana and Dogecoin also sank.
Some $600 ...
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$TOPGLOV (7113.MY)$ Good news came out, and then the stocks plummeted. What's the situation?
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