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KLCI : Market Summary 23 April 2018

23 April 2018

FBM KLCI ended in loss as weak global sentiments pushed the markets down. KLCI ended at 1880.36 points moving -0.39% down , these loses were mainly led by selected banking and O&G counters.Market breadth was bearish as losers out-numbered winners (711 looser to 216 gainers) by more than three times.(

Earnings season is uplifted this week and investors are awaiting data. Also the trade tensions between China and the U.S. are still in observance but there were indications that some tensions may continue to ease.(

Investors in Asia are also looking ahead to a strong earning season in the U.S., where more than four-fifths of companies listed on S&P500 reported earnings crossing expectations. But these cues from the U.S. are not overly optimistic as technology stocks continue to feel downside pressure.(

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