Asian stocks market powered up on Monday with Philippines’ PSEi (+2.13%) leading the gains in the region. The local benchmark FBMKLCI (KLCI) surged another 7.50pts or 0.48% to end the day at 1,582.66. All sectors ended in positive territory barring financial services (-0.18%). Notable gainers were healthcare (+2.29%), utilities (+1.92%) and construction (+1.15%). Trading volume increased further to 4.24bn (up from 4.11bn on Friday) while trading value grew to RM3.48bn (up from RM3.25bn previously). Market breadth stayed positive as 668 gainers beat 438 decliners.

The benchmark extended its rally with a second white candle yesterday, lifted by plantation and YTL heavyweights. The 1,600 psychological level is seen as the next resistance if the index takes out the 1,570-1,583 range. Any pullback should find support near the 1,552-1,559 levels to keep the bullish momentum intact. The rising 50-day EMA (1,542 currently) is the following support. Our portfolio stays in *risk-on mode* this week.

Gainers: 668
Losers: 438
Unchanged: 474

DOW: 38,386.09 (0.38%)
S&P500: 5,116.17 (0.32%)
NASDAQ: 15,983.08 (0.35%)
FTSE100: 8,147.03 (0.09%)
DAX: 18,118.32 (-0.24%)
HSI: 17,746.91 (0.54%)
STI: 3,282.05 (0.06%)
KLCI: 1,582.66 (0.48%)
​
USD: 4.7675 (-0.01%)
AUD: 3.1293 (0.38%)
SGD: 3.5062 (0.05%)
EUR: 5.1082 (-0.21%)
GBP: 5.9742 (0.11%)
JPY: 3.0540 (1.36%)
CNY: 0.6592 (0.18%)
HKD: 0.6093 (0.03%)
​
WTI: 82.63 (-1.45%)
Brent: 88.40 (-1.23%)
GOLD: 2,335.66 (-0.10%)
3rd MONTH FCPO: 3,915.00 (0.49%)
Msia 10 yr bond yield: 3.9800 (-0.57%)
US 10 yr bond yield: 4.6136 (-1.06%)
ICE LIBOR USD 3M: 5.5911 (0.00%)
Bitcoin Futures: 63,750 (-0.86%)
Source: Bloomberg

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