The KLCI gained 8.29 points, lead by regional markets gains after over-night rises of the US markets. The KLCI closed at 1579.23 points, and as indicated by A, the KLCI stays above the 14, 21, 31 EMA dynamic support as well as the 1566-1570 support.

As indicated by B, total market volume increased 46.05%, almost touching the 40-day Volume Moving Average. If volume should continue to increase and break above the 40-day Volume Moving Average, the market sentiment as a whole is likely to improve. However, a few of the KLCI components (Petgas, Petdag, TM, Pbbank, and Maybank) had obvious increase of volume, but price closed lower. This is usually suggesting that selling pressure of these counters were relatively high.

As circled at C, the MACD histogram stopped falling on Friday, and if it could continue to tick up, it means that the KLCI short-term is now picking up some strength.

In conclusion, despite gaining over 8 points, the KLCI has not shown signs of resuming or forming an uptrend. Nevertheless, if volume should continue to increase, the market sentiment as a whole is likely to improve.