Broker Name: CGS International Securities
Date of Report: June 19, 2024
Excerpt from CGS International Securities report.
Report Summary
- Global equity markets remain strong, led by chipmakers and technology stocks such as Nvidia, which became the world’s most valuable company amid optimism for Fed rate cuts and continued AI momentum.
- Technical analysis highlights Addvalue Technologies Ltd (Singapore) as a likely bottom reversal candidate, supported by bullish chart patterns, increasing volume, and positive technical indicators.
- Regional updates indicate mixed economic data, with US retail sales and industrial production sending mixed signals, and potential downsides in Asia due to ongoing tariff wars and supply chain disruptions.
- Report provides key index, currency, and commodity performance snapshots, and outlines sector, country, and stock rating frameworks used by CGS.
Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website:
https://www.cgs-cimb.com/en/home.html
