{"id":25809,"date":"2025-08-27T05:20:09","date_gmt":"2025-08-27T05:20:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/25809\/"},"modified":"2025-08-27T05:20:09","modified_gmt":"2025-08-27T05:20:09","slug":"fbm-klci-fails-to-rebound-as-previous-days-decline-sparks-caution","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/25809\/","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":25810,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[18259,79,18,2093,19,17,18260,188,1086,4678],"class_list":{"0":"post-25809","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bursa-malaysia","9":"tag-business","10":"tag-eire","11":"tag-equities","12":"tag-ie","13":"tag-ireland","14":"tag-klci","15":"tag-markets","16":"tag-stock","17":"tag-trading"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/25809","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=25809"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/25809\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/25810"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=25809"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=25809"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=25809"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}