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
Nil.
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.
