Friday 26 Apr 2024
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KUALA LUMPUR (Aug 6): RHB Retail Research said last Friday was a bullish session for the FBM Small Cap Index (FBMSC), as it rebounded by 69.46 points to 14,742.20 points.

In a technical analyser today, the research house said the index charted a white candle after oscillating between a low of 14,677.26 points and high of 14,750.44 points.

"Although we saw a reversal 'Bearish Harami' candlestick pattern on July 26, no strong bearish follow-through was sighted.

"This implies that the bears are still unable to wrest control from the bulls. Overall, the bulls continue to dominate market sentiment," it said.

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