NVDA
NVIDIA
-- 121.670 TSLA
Tesla
-- 249.980 QBTS
D-Wave Quantum
-- 10.150 PLTR
Palantir
-- 86.240 QUBT
Quantum Computing
-- 7.090 Malaysia market commentary (23 Dec 2024)
Global markets
US equities recouped the losses on inflation relief. All 3 indices rebounded firmly, DJ (+1.18%), S&P (+1.09) and Nasdaq (+1.03%).
VIX continued sliding from last week high of 28 to Thursday closing of 24 and close the week at 18.3, showing an improved risk sentiment.
US 10-years yield was still buoyant at 4.53%, propelled by fear of slower than expected rate cut cycle.
Malaysia markets
Local Macro
USDMYR closed above 4.50 level, due to hawkish language by Powell and year end corporate flow. The government and regulator showed confidence in domestic currency.
Malaysia 10-year govvy yield edge higher to close at 3.88% (+0.03%).
Malaysia 10-year govvy yield edge higher to close at 3.88% (+0.03%).
KLCI Performance
KLCI only stayed above 1,600 for few days; then retreated gain back to 1,591 (-8.68) due to risk off mode.
Today is important day to GAMUDA and 99SMART whereby they are selected as index constituents.
Malaysia equity flow (MYR million)
Sectoral performance (%)
Stocks on focus:
Flow shows that investors like to accumulate blue chips, such as $MAYBANK (1155.MY)$ whereby the share price retreated from the high gradually. This demonstrates investors confidence in these stocks and willingness to buy and hold for longer horizon. MAYBANK P/E 12 and dividend yield at 5.99%.
Flow shows that investors like to accumulate blue chips, such as $MAYBANK (1155.MY)$ whereby the share price retreated from the high gradually. This demonstrates investors confidence in these stocks and willingness to buy and hold for longer horizon. MAYBANK P/E 12 and dividend yield at 5.99%.
Bloomberg source: MAYBANK target price by analysts
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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