Rebound Anticipated For Malaysia Stock Market
Rebound Anticipated For Malaysia Stock Market
Ahead of Monday's holiday for the Islamic New Year, the Malaysia stock market had snapped the two-day winning streak in which it had climbed more than 15 points or 1 percent.
在回教新年假期来临之前，马来西亚股市连续两天攀升超过15点或1%后，周一收跌。
The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it may move back to the upside again on Tuesday.
吉隆坡综合指数现在略高于1610点，尽管可能会在周二再次上涨。
Malacca Securities (MSSB) in a note today (July 9) said the FBM KLCI (-0.35%) ended lower as the index was dragged by selling pressure in the Telco and Utilities heavyweights as investors were taking profits reducing their exposure prior to the long weekend after 2 consecutive days of positive gains on the index.
《马股》 （-0.35%）因投资者在连续两天的指数上涨后降低风险敞口，投资组合调整，导致电信、公用事业的低价股受卖压拖累而下跌。
The Day Ahead
Both the FBM 70 and FBM Small Cap declined marginally but are still hovering along the all-time high zone prior to the long weekend holiday.
未来一天的行情
FBM 70和FBM Small Cap指数虽略有下降，但仍位于长假之前的历史高位区间内。
Meanwhile, the US stock markets ended mixed with both S&P500 and Nasdaq closing at records, while the Dow lagged.
与此同时，美国股市涨跌互现，标普500和纳斯达克指数收于创纪录水平，道琼斯指数跌后略收。
Investors will be watching the upcoming CPI and PPI data as that may dictate the interest rate directions taken by the Fed.
投资者将关注即将公布的CPI和PPI数据，因为这可能会决定联邦利率的走向。
They believed the inflationary pressures have been on the declining trend and that should allow the Fed to potentially lower down the interest rate in 2H2024.
他们认为通货膨胀压力已经呈下降趋势，这应该能让联邦储备委员会在2024下半年有可能降低利率。
On the commodity markets, Brent oil had declined for the past 2 trading days after hitting resistance around USD88, while the gold price traded above USD2360.
在商品市场上，布伦特原油在接近88美元的阻力位后已连续下跌两个交易日，而黄金价格在2360美元以上交易。
The CPO could be forming a rounding bottom and a flag formation, awaiting a breakout above RM4,100.
CPO可能正在形成一个圆底和旗形形态，等待突破4100令吉。
Sectors focus: Sentiment has turned better last week for the local front and they might be anticipating more upside potential on various sectors driven by the data center catalysts following the investment from several MNCs earlier on.
板块关注点：上周，地方市场情绪好转，他们可能预计，由于国际公司投资，数据中心的作用将推动各个板块的上涨潜力。
Meanwhile, they believed the outcome of the KL-SG HSR project will be announced in 2H24 and may boost the appetite for stocks within the Construction, Property, Building Materials, and Utilities sectors.
与此同时，他们认为，KL-SG HSR项目的结果将在2024下半年公布，并可能提振建筑、产业、建筑材料和公用事业板块的股票需求。
Bloomberg FBMKLCI Technical Outlook
The FBM KLCI index ended lower towards the 1,611 level.
彭博富时隆综合指数技术展望
FBM KLCI 指数在1611附近结束了下跌。
However, the technical readings on the key index were positive with the MACD histogram forming another positive bars and RSI surged above 50.
然而，关键指数的技术读数是积极的，MACD柱形图形成了另一个正面条，而RSI则突破了50的水平。
The resistance is envisaged around 1,626-1,631 and the support is set at 1,591-1,596.
预计阻力位于1626-1631之间，支撑位设置在1591-1596之间。