Buyers to return with interests shifting to Technology and Telco sectors

The FBM KLCI eased slightly but off the day low depicting that the local bourse is still well supported at current levels.

“Hence, following yesterday’s intermittent correction, we believe buyers to return and expect the index to hover within the 1,550-1,560 range today with interests shifting to the Technology and Telco sectors,” Rakuten says.

Visit Business News Malaysia

Watch Technology

FBM KLCI closed lower as profit taking activities emerged following the recent rally.

The benchmark index declined 0.21% or 3.19 pts to close at 1,552.40. Majority of sectors were negative with energy (-1.3%), property (-1.3%), and health care (-1.0%) leading the losers; while gainers were seen in technology (+0.4%), and financial services (+0.1%).

Market breadth was negative with 652 losers against 386 gainers. Total volume stood at 3.65bn shares valued at RM2.71bn.
Major region

Leave a Reply

Your email address will not be published. Required fields are marked *