SST will remain exempted on brokerages for share trading
The FBM KLCI ended positively above the 1,445 level due to late buying activities. For today, we reckon accumulation of stocks to persists but muted.
“Therefore, we anticipate the index to hover within a tight range of between 1,440- 1,450 today.
“Meanwhile, we are grateful by Bursa’s latest notification that the SST will remain exempted on brokerages for share trading as this should encourage improving market velocity going forward.
“Lastly, crude oil prices jumped higher on declining inventory with the Brent crude closed at US$91.50/barrel,” says Rakuten.