KLCI Could See Continued Bargain Hunting This Week
KLCI Could See Continued Bargain Hunting This Week
Kenanga anticipates continued bargain hunting this week, though gains may be limited. Key support levels are at 1,609As anticipated, the FBM KLCI gained 1.19% last week, closing at 1,613.25, supported by strong performances in Health Care
(+6.2%), Technology (+5.8%), and Utilities (+3.2%), while Financial Services recorded a marginal decline of 0.1%. Despite
the index's advance, foreign investors remained net sellers last week, with an outflow of RM619m as of 5 December. Local
institutional funds continued to act as net buyers, providing much-needed market stability. Meanwhile, the MYR strengthened
slightly against the USD, appreciating to RM4.417 from RM4.440 the prior week.
正如预期，FBm KLCI上周上涨了1.19%，收于1,613.25，由于医疗保健方面表现强劲
(+6.2%)，科技(+5.8%)，以及公用事业(+3.2%)，而金融服务则小幅下滑0.1%。尽管
指数上涨，外国投资者上周仍然是净卖出，截止12月5日流出为RM61900万。当地
机构基金继续作为净买家，提供了市场所需的稳定性。与此同时，马币对美元指数稍微走强，
从上周的RM4.440升值至RM4.417。
Looking ahead, Kenanga believes market attention will focus on the U.S. November inflation data, scheduled for release on December 11. This report is expected to influence the Federal Reserve's final rate decision of the year on December 18. While markets anticipate a 25 bps rate cut—the third in 2024—with an 89% probability, Federal Reserve officials have provided limited guidance for the upcoming meeting. Regionally, South Korea's political developments may affect market sentiment, given its role as a key U.S. ally and a major global producer of semiconductors, batteries, and automobiles.
展望未来，Kenanga认为市场关注将集中在美国11月的通胀数据上，该数据定于12月11日发布。预计该报告将影响美联储年底12月18日的最终加息决定。虽然市场预期2024年将有第三次降息25个基点，且概率为89%，但美联储官员对即将召开的会议提供的指导有限。在区域内，韩国的政治动态可能会影响市场情绪，因为韩国是美国的关键盟友，也是全球主要的半导体、电池和汽车生产国。
Technically, the FBM KLCI's weekly chart has formed a 'morning doji star' candlestick pattern, indicating a potential bullish
reversal after rebounding from its 50-week SMA (approximately 1,586) two weeks ago. Additionally, the weekly stochastic
and Relative Strength Index (RSI) have just risen above the 50 level, suggesting room for further recovery.
从技术上讲，FBm KLCI的周线图形成了一个‘早晨星’k线形态，指示在两周前从50周SMA（约1,586）反弹后可能出现的看好
反转。此外，周线随机指标
相对强弱指标（RSI）刚刚升至50以上，表明进一步恢复的空间。
Kenanga anticipates continued bargain hunting this week, though gains may be limited. Key support levels are at 1,609
(aligned with the 23.6% Fibonacci retracement) and the psychological 1,600 mark, while resistance is expected at 1,620 (50-
day SMA) and 1,648.
Kenanga预计本周仍会继续寻找便宜货，尽管涨幅可能有限。关键压力位在1,609。
(与23.6%的斐波那契回撤相一致)和心理压力位1,600，同时支撑位预计在1,620（50-
日SMA）和1,648。
译文内容由第三方软件翻译。
