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KLCI : Market Summary 03 May 2018

03 May 2018

The FBM KLCI turned negative just before the closing , amid cautious sentiment ahead of the elections which are to be held next week. Market breadth was negative as losers took over winners by 407-to-382 stocks. (t.me/reseachbursa)

Investors are cautious on concerns over the Sino-US trade talks as hopes waned for real progress in Sino-US trade talks, while the US dollar consolidated recent gains after the Federal Reserve extended the outlook for more rate hikes.(t.me/BursasgxSignal)

Meanwhile Malaysia's fiscal deficit of RM11.2bil in Q1 of 2018 or 3.3% of gross domestic product (GDP) was well below forecast. The fiscal deficit narrowed in Q1 from Q4 to RM 11.2bil .(t.me/klcistocks)

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