Market Shows Momentum But Caution On Some Overbought Stocks

Quick Summary:

Malaysia’s equity market has experienced a strong upward trend since April 9th, 2025, mirroring gains in the global equity market following a pause in US tariff actions.

The benchmark FBM KLCI index has rebounded significantly, rising from a low of 1,387 points on April 9th to a high of 1,549 points by May 5th.

The immediate resistance level for the index is pegged at 1,550 points.

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Article Details

Author / Journalist: Editor

Category: InvestingBusiness

Markets: MalaysiaChina

Topics: Market Markets Stock

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 06:57:01 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businesstoday.com.my

Language: English

Article Length: 299 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Today

News ID: 28462448

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About Business Today

Main Topics: InvestingBusiness

Official Website: businesstoday.com.my

Update Frequency: 3 posts per day

Year Established: 2001

Headquarters: Malaysia

News Last Updated: 21 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #73

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