Most Asian stock markets finished higher on Tuesday with Hong Kong’s HSI (+1.90%) leading the gains. The local benchmark FBMKLCI (KLCI) grew 2.05pts or 0.13% to end the day at 1,561.64. Sectors-wise, healthcare (+1.48%) emerged as the top gainer followed by construction (+1.08%) and technology (+0.78%). The laggards were plantation (-0.43%), energy (-0.30%) and transportation (-0.20%). Trading volume increased to 3.73bn (up from 3.49bn on Monday) while trading value improved to RM2.79bn (up from RM2.53bn previously). Market breadth stayed positive as 642 gainers beat 402 decliners.

The benchmark moved a tad higher and closed at its 23-month high (on a close basis) yesterday. However, the bulls appear to have lost some momentum after falling away from its intraday high of 1,567.57 in the afternoon session. The KLCI may attempt to push into the 1,570-1,583 range, the overhead resistance in the coming days. On the downside, the rising 50-day EMA (1,536 currently) provides near-term support. Longer-term support levels are unchanged at 1,528 and 1,518 thereafter. Our portfolio stays in *risk-on mode* this week.

Gainers: 642
Losers: 402
Unchanged: 507

DOW: 38,503.69 (0.69%)
S&P500: 5,070.55 (1.20%)
NASDAQ: 15,696.64 (1.59%)
FTSE100: 8,044.81 (0.26%)
DAX: 18,137.65 (1.55%)
HSI: 16,828.93 (1.92%)
STI: 3,272.72 (1.47%)
KLCI: 1,561.64 (0.13%)
​
USD: 4.7803 (0.07%)
AUD: 3.0814 (0.25%)
SGD: 3.5078 (0.07%)
EUR: 5.0955 (0.15%)
GBP: 5.9086 (0.20%)
JPY: 3.0880 (0.06%)
CNY: 0.6596 (0.03%)
HKD: 0.6100 (0.05%)
​
WTI: 83.36 (1.78%)
Brent: 88.42 (1.63%)
GOLD: 2,322.02 (-0.23%)
3rd MONTH FCPO: 3,971.00 (0.68%)
Msia 10 yr bond yield: 3.9560 (-0.18%)
US 10 yr bond yield: 4.6004 (-0.18%)
ICE LIBOR USD 3M: 5.5846 (-0.06%)
Bitcoin Futures: 67,155 (-0.50%)
Source: Bloomberg

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