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.
在回教新年假期來臨之前，馬來西亞股市連續兩天攀升超過15點或1%後，週一收跌。
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.
吉隆坡綜合指數現在略高於1610點，儘管可能會在週二再次上漲。
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.
《馬股》 （-0.35%）因投資者在連續兩天的指數上漲後降低風險敞口，投資組合調整，導致電信、公用事業的低價股受賣壓拖累而下跌。
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.
未來一天的行情
FBM 70和FBM Small Cap指數雖略有下降，但仍位於長假之前的歷史高位區間內。
Meanwhile, the US stock markets ended mixed with both S&P500 and Nasdaq closing at records, while the Dow lagged.
與此同時，美國股市漲跌互現，標普500和納斯達克指數收於創紀錄水平，道瓊斯指數跌後略收。
Investors will be watching the upcoming CPI and PPI data as that may dictate the interest rate directions taken by the Fed.
投資者將關注即將公佈的CPI和PPI數據，因爲這可能會決定聯邦利率的走向。
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.
他們認爲通貨膨脹壓力已經呈下降趨勢，這應該能讓聯邦儲備委員會在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.
在商品市場上，布倫特原油在接近88美元的阻力位後已連續下跌兩個交易日，而黃金價格在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可能正在形成一個圓底和旗形形態，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.
板塊關注點：上週，地方市場情緒好轉，他們可能預計，由於國際公司投資，數據中心的作用將推動各個板塊的上漲潛力。
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.
與此同時，他們認爲，KL-SG HSR項目的結果將在2024下半年公佈，並可能提振建築、產業、建築材料和公用事業板塊的股票需求。
Bloomberg FBMKLCI Technical Outlook
The FBM KLCI index ended lower towards the 1,611 level.
彭博富時隆綜合指數技術展望
FBM KLCI 指數在1611附近結束了下跌。
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，關鍵指數的技術讀數是積極的，MACD柱形圖形成了另一個正面條，而RSI則突破了50的水平。
The resistance is envisaged around 1,626-1,631 and the support is set at 1,591-1,596.
預計阻力位於1626-1631之間，支撐位設置在1591-1596之間。
