{"id":99980,"date":"2025-08-27T04:33:11","date_gmt":"2025-08-27T04:33:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/99980\/"},"modified":"2025-08-27T04:33:11","modified_gmt":"2025-08-27T04:33:11","slug":"fbm-klci-fails-to-rebound-as-previous-days-decline-sparks-caution","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/99980\/","title":{"rendered":"FBM KLCI fails to rebound as previous day’s decline sparks caution"},"content":{"rendered":"

KUALA LUMPUR: The strong selling momentum on the FBM KLCI yesterday put investors on a cautious footing, which could prevent a quick rebound on the market.<\/p>\n

“The sell-down was rather drastic amid a regional sell-off as illustrated by the spike in daily trading volume to above the four billion level,” said Rakuten Trade in a note.<\/p>\n

“Whilst we are hoping for an immediate rebound, we believe<\/p>\n

yesterday\u2019s aggressive selling may have dented the underlying confidence somewhat thus expect the index to hover within the 1,580-1,590 range today.”<\/p>\n

At the start of trading, the index was lying nearly flat against its previous closing price, eking out a 0.18-point gain to 1,581.77.<\/p>\n

There was little support from the banking heavyweights following a sharp sell-off yesterday on profit-taking activities. Maybank was flat at RM9.75 while Public Bank dropped six sen to RM4.36, despite the previous day’s declines, which were in tandem with the MSCI rebalancing activities.<\/p>\n

According to Malacca Securities, market participants are adopting a “wait and see” approach ahead of key technology earnings.<\/p>\n

“The FBMKLCI closed lower after breaching the 1,600 psychological level.\u00a0<\/p>\n

“However, technical indicators are showing positive signals: the MACD histogram is in positive territory, while the RSI is above the 50 level. Resistance is anticipated around 1,596\u20131,611, while support is located at 1,561\u20131,566,” it said in a report.<\/p>\n

Early price movers included Kuala Lumpur Kepong down 14 sen to RM19.56, PETRONAS Chemicals shedding 12 sen to RM4.67 and Ambank sliding five sen to RM5.45.<\/p>\n

Of actives, Magma gained 3.5 sne to 34 sen, Pharmaniaga<\/a><\/a> rose 0.5 sne to 17.5 sen and VTC climbed two sen to 32 sen.<\/p>\n","protected":false},"excerpt":{"rendered":"KUALA LUMPUR: The strong selling momentum on the FBM KLCI yesterday put investors on a cautious footing, which…\n","protected":false},"author":2,"featured_media":99981,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[32588,45,49,48,3240,39706,100,2511,2760],"class_list":["post-99980","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-bursa-malaysia","tag-business","tag-ca","tag-canada","tag-equities","tag-klci","tag-markets","tag-stock","tag-trading"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/99980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=99980"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/99980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/99981"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=99980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=99980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=99980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}