Asian stock markets stayed mixed on Thursday, supported by the gains in technology shares. The local benchmark FBMKLCI (KLCI) rose 1.55pts or 0.10% to end the day at 1,615.64. Sectors wise, the largest gains were coming from healthcare (+1.54%), telecommunications (+1.38%) and plantation (+0.40%). On the flip note, industrial products (-0.46%), construction (-0.43%) and technology (-0.19%) were the top laggards. Trading volume decreased to 3.24bn (down from 3.60bn previously) while trading value reduced to RM2.74bn (down from RM3.30bn previously). Market breadth were neutral with 538 gainers against 537 decliners.

The benchmark formed a doji-like candle yesterday after failing to close above the 50-day EMA. The index may be hovering the 1,614-1,624 support-turned-resistance level for a bit. However, as long the index supported above the 200-day EMA and the recent double bottom low at 1,587-1,589, the odds are still in favour of the bulls. Otherwise, any close below these lows would likely signal further weakness is possible thereafter as the downtrend from the 1,675-1,684 highs is extending. The next support is seen at 1,574-1,581 (which includes the Jun24 low) followed by 1,565. NOTE: Our portfolio stayed in *risk-off mode* this week.

Gainers: 538
Losers: 537
Unchanged: 519

DOW: 44,765.71 (-0.55%)
S&P500: 6,075.11 (-0.19%)
NASDAQ: 19,700.26 (-0.18%)
FTSE100: 8,349.38 (0.16%)
DAX: 20,358.80 (0.63%)
HSI: 19,560.44 (-0.92%)
STI: 3,822.68 (0.60%)
KLCI: 1,615.64 (0.10%)
​
USD: 4.4278 (-0.56%)
AUD: 2.8505 (-0.28%)
SGD: 3.3006 (-0.21%)
EUR: 4.6617 (-0.32%)
GBP: 5.6323 (-0.22%)
JPY: 2.9500 (-0.27%)
CNY: 0.6099 (-0.50%)
HKD: 0.5689 (-0.54%)
​
WTI: 68.30 (-0.35%)
Brent: 72.18 (-0.18%)
GOLD: 2,631.67 (-0.69%)
3rd MONTH FCPO: 5,153.00 (2.40%)
Msia 10 yr bond yield: 3.7810 (-0.89%)
US 10 yr bond yield: 4.1761 (-0.09%)
Bitcoin Futures: 101,080 (-0.14%)
Source: Bloomberg

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