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Malaysiamarket commentary (3 Jan 2025)

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Ken Low wrote a column · Jan 3 08:32
Global markets
US indices continued sliding, DJ (-0.36%), S&P500 (-0.20%) and Nasdaq (-0.16%). TSLA retreated from all time high of 488 on 18 December to close yesterday at 379 (-6.08%) overnight.
VIX continued hovering around 17.9 (+0.58) and US Treasury 10-year yield rallied from 4.10% last month to settle yesterday at 4.56%.
Overall, the risk sentiment was not improved.
Malaysia markets
Local Macro
USDMYR overnight edged higher to 4.4785 (+60 pips) while MGS 10 year settled unchanged at 3.86%.
KLCI Performance
KLCI plummeted after few days gain and closed at 1,632 (-9.46).
Malaysia equity flow (MYR million)
Malaysiamarket commentary (3 Jan 2025)
Positive inflow 3 days in a row! Foreign investor bought MYR 100 mi domestic equity yesterday, demonstrating improved situation.
Sectoral performance (%)
Malaysiamarket commentary (3 Jan 2025)
Stocks on focus:
Local equities investors were in wait-and-see mode, looking for more cue. Yesterday, most active counters were dominated by penny stocks, only SIMEPROP and GAMUDA got some trading interest.
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    Ken Low
    Head of Dealing, Moomoo Malaysia
    Experienced trader at bank, covering equity, FX, commodity & derivatives. Specialize in market making & flow trading.
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