rakuten trade market reports : Page 17

US markets Dow Jones continued its bullish streak to close at record high brushing off the impeachment of Donald Trump as focus remains on the economy, trade and corporate earnings which is fuelling the rally.
On the local front, FBM KLCI will see more subdued trading as the Christmas and New Year holiday mood around the corner, however we expect to see continued support and window dressing activities with KLCI to head towards the next level 1,620 and 1,630 for the next couple of days.

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Renewed optimism over a US China trade deal soon has propped Wall Street higher and we expect this positive sentiment to reverberate across Asia. As such, we believe regional market to trend higher today.
Following a minor hiccup on Bursa yesterday we reckon the local bourse to continue with its uptrend amid traces of window dressing activities.
The FBM KLCI is seen to possibly break the 1,600 mark today enroute to the 1,610 level.

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Wall Street stayed firm as traders were sidelined ahead of the US China trade deal coupled with Trump’s impeachment process. Supported by regional uptrend the local bourse displayed one of its finest performance for a long time.
The FBM KLCI surged by more than 20 points to almost touch the elusive 1,600 mark yesterday and we believe the momentum to continue today.
There were hints of window dressing activities and we anticipate the benchmark index to test the 1,610 level today.

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Wall Street continued to close at record high on the back of US housing and industrial production data suggesting economic growth remains robust. Hence, we reckon regional markets will see follow through positive sentiments and continue the uptrend today.
Meanwhile on the local front, the revival of Bandar Malaysia and the HSR project coming back in the picture bodes well for the economy with construction stocks to benefit and be in focus.
FBM KLCI is expected to rise on the window dressing activities with KLCI crossing the 1,580 mark.

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Wall Street closed on another high as optimism over the US China trade talk sets in.
As such, we reckon regional markets should follow suit and see some uptrend today. Meanwhile the local bourse is expected to chart higher as we anticipate some spillover buying today.
We foresee the FBM KLCI to break the 1,570 mark today and re-test the 1,575 level again.
Today we have recommended Crest Builder (technical report) as buying sentiments on the stock should improve following a RM316m contract win yesterday.

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