Asian stock markets rallied on Monday amid strong US jobs data. The local benchmark FBMKLCI (KLCI) rose 4.73pts or 0.30% to end the day at 1,559.98. Sectors-wise, utilities (+1.01%), property (+1.00%) and construction (+0.54%) were the top gainers. Weakness was seen in energy (-0.62%), transportation (-0.48%) and industrial products (-0.35%). Trading volume decreased to 3.97bn (down from 4.05bn on Friday) while trading value dropped to RM2.33bn (down from RM2.68bn previously). Market breadth turned slight positive as 531 gainers marginally beat 511 decliners.

The benchmark continued its rally following last Friday’s triangle breakout. Yesterday’s white candle closed at a new 23-month high, retesting the 1,559 level. Any residual strength could potentially send the index higher to test the next resistance at 1,570-1,583. Support is seen at 1,537, the most recent swing low followed by 1,528 and the critical support at 1,508-1,521. Our portfolio stays in *risk-on mode* this week.

Gainers: 531
Losers: 511
Unchanged: 502

DOW: 38,892.80 (-0.03%)
S&P500: 5,202.39 (-0.04%)
NASDAQ: 16,253.96 (0.03%)
FTSE100: 7,943.47 (0.41%)
DAX: 18,318.97 (0.79%)
HSI: 16,732.85 (0.05%)
STI: 3,215.99 (-0.07%)
KLCI: 1,559.98 (0.30%)
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USD: 4.7525 (0.11%)
AUD: 3.1295 (0.10%)
SGD: 3.5222 (0.00%)
EUR: 5.1464 (0.02%)
GBP: 6.0008 (0.04%)
JPY: 3.1326 (0.05%)
CNY: 0.6574 (0.16%)
HKD: 0.6069 (0.08%)
​
WTI: 86.43 (-0.55%)
Brent: 90.38 (-0.87%)
GOLD: 2,339.03 (0.40%)
3rd MONTH FCPO: 4,295.00 (-1.11%)
Msia 10 yr bond yield: 3.8970 (0.78%)
US 10 yr bond yield: 4.4198 (0.41%)
ICE LIBOR USD 3M: 5.5500 (-0.15%)
Bitcoin Futures: 72,935 (6.53%)
Source: Bloomberg

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