May 2024 Market Review

May 2024 Market Review

Market condition

KLCI closed at 1,596.68, an increase of 1.31%.

S&P500 closed at 5,277.51, an increase of 3.15%.

Market trend: Foreign funds started to come in again

KLCI continued its uptrend and ended higher but could not maintain above the 1,600 level. However, I think it has a good chance to stay above 1,600 in 2024. The foreign funds became net buyer in May but they are still net seller year-to-date.

S&P500 reversed its downtrend and made new high in May.

Transactions done

1. GBTC: SOLD all at $61.04.

Dividend received


Disclaimer: This article is for informational purposes only. It is not a recommendation to buy or to sell financial instruments nor an offer to buy or sell financial instruments. 

Leave a Reply

Your email address will not be published. Required fields are marked *