Bearish sentiment stifles FBM KLCI rebound

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The story "Bearish sentiment stifles FBM KLCI rebound" was covered 1 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 1w ago

Bearish sentiment stifles FBM KLCI rebound - The Star

Quick Summary:

Fresh from a tariff-induced dive to its lowest point since December 2023 on Monday, the FBM KLCI saw more fighting between the bulls and the bears yesterday as trade uncertainties continue to loom large in the background.

Malaysia’s premier bourse ended the day by a marginal 0.24 points lower at 1,443.56, with a total of 270.1 million shares traded, after intense see-sawing between green and red, as news from around the globe filtered in about efforts from the European Union (EU) and Japan engaging with the Trump administration on tariffs.

As the FBM KLCI was hovering between positive and negative movements yesterday, analyst and head of equity sales at Rakuten Trade Vincent Lau believes the FBM KLCI could see a possible technical rebound in the near term after four consecutive days of decline.