Today, Malaysian stocks easily broke through the 1,590 level. At noon trading, they had already risen to the 1,595 level. The whole office was excited, speculating whether they could break through 1,600 points when the market closed today.
After all, the last time I stood above 1,600 was on April 29, 2022, two years ago.
As to whether there will be a market correction tomorrow, BBBWealth financial planner Xiang Qingfa pointed out in an interview with “Nanyang Commercial Daily”: “The current trend of the comprehensive index has formed aStrong upward momentum. Based on the recent active trading sentiment in the market, and with the help of the return of foreign capital,Breaking through the 1,600 psychological level won't be a big challenge.”
It means that breaking through 1,600 points is not a dream; however, will it continue to rise after passing 1,600 points? He pointed out,1614 points is a strong resistance.
” After all, 1,614 points is also the level where the epidemic has plummeted. The funds of many retail investors are locked in this region, so it will become selling pressure, impacting the upward momentum of the composite index.
Are 1,600 points just a flash?? He pointed out that if the Composite Index's rise is blocked,It is estimated that it will enter a period of consolidation, but as long as the 1,575-point support level is maintained, the overall upward trend can still be maintained.
“I think even a consolidation in the composite index would benefit the overall trend, make the long-term gains healthier, and consolidate their sustainability.”
Looking out of nowhere? Composite Index Approaches 1600 Level (enanyang.my)

The benchmark index which currently hovers around a 52-week high is anticipated to trend higher. Do you think $FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$  will break through 1,600 by this week?

VitroX's net profit continued to decline by 4 quarters, and YOY continued to decline by 5 quarters. Vitrox's revenue and net profit for the quarter reached RM119.6mil and RM17.2mil. The main reason why net profit for the quarter fell by RM15.7 mil (47.8%) compared to the same period last year was due to a decline in demand for Automated Board Inspection (“ABI”). Management revealed that demand for the Machine Vision System (“MVS”) is beginning to recover, and management is also actively doing research and development to develop more new products.
Vitrox also currently enjoys Pioneer status, so it will pay less than the normal 24% of taxes. Know 2025. Management remains optimistic about the upcoming needs of the global semiconductor industry. They are also optimistic about the future growing demand for artificial intelligence (AI), telecommunications, and automotive industries.
The performance this time is relatively poor; PE has reached 64. $VITROX(0097.MY)$

$BHP Group Ltd(BHP.AU)$ 's all-share bid for Anglo American hits $38.8 billion,
Aiming to forge the world's largest copper miner controlling about 10% of global supply.
As 2024's biggest deal, it's poised to trigger intense antitrust scrutiny.
$Rio Tinto Ltd(RIO.AU)$ $Pilbara Minerals Ltd(PLS.AU)$

$AEMULUS(0181.MY)$  Stock revisited breakout point and failed to hold. Quick profit taking ,  difficult action elsewhere20ma & 50ma.    
2a stock characteristic.

$Viking Therapeutics(VKTX.US)$ is a wild one. Trading up and down in volatile fashion on news of a positive Phase 1 study result for its potential oral formulation obesity drug candidate. Company has some cash on the books, but no sales... I am long (own shares) small.

$Palantir(PLTR.US)$ Long PLTR. Increased short interest could help propel the stock higher with a short squeeze if the next earnings report on November 11th is another blowout quarter. The main thing that concerns me about the stock is an elevated price/sales ratio. It could tread water and build a base for a year. Opportunity costs if the overall market continues higher. That said, I believe this is a good one for long term investors.