13 Jan 2022 Opening Market Review
Market remains cautious with soft opening of slightly drop in KLCI index, overall gainer mainly contributed by STEEL & ALUMINIUM counters, which basically continuation of yesterday rally.
However, lacking of extra catalyst to support the price of above said commodities might make it unable to perform a sustainable rally, thus picking counters and entry timing is crucial.
TECH performance remains inadequate due to damages caused by sharp drop last 2 days. However, in overall remains steady and trying to bottoming around current range.
PENNIES these today could still be some profit taking, due to high volume last 2 days. The ability of absorb selling in these 2 days could determine the strength of continuation of the rally in overall.