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KLCI : Market Summary 18 April 2018

The local benchmark index put a mixed performance after being mostly on the positive side lifted by some buying interest and global outlook indicating a subdued performance of currencies and bonds. Overall sentiment was negative with 617 losers vs 284 winners, while 1010 stocks remained unchanged and KLCI closing at -1.17 points .(

Sentiments were mixed after a weak performance of markets as they struggled even after Beijing boosted liquidity in the banking system. PBOC announced it would cut the cash banks hold as reserves in a change that frees up lending for small firms but falls short of a strong monetary easing.(

The global growth forecasts are unchanged for 2018 and 2019, and suggested medium-term risks were to the downside indicating financial burden. Also the worries over the long term sustainability of the U.S. economic expansion is one of the reason that Treasury curve remained flat in a decade.(

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