Local market’s outlook is tempered by the sharp decline on Wall Street
KUALA LUMPUR: The FBM KLCI closed marginally lower, reflecting a cautious market sentiment as daily trading volume dipped below the 3 billion shares level. Despite this decline, market analysts remain optimistic, anticipating a resurgence of buyer interest in domestic shares following a solid earnings season that led to a series of broad-based upgrades.
Wall street influence
However, the local market’s outlook is tempered by the sharp decline on Wall Street overnight. This is expected to weigh on regional trading activities, with the FBM KLCI likely to fluctuate within the 1,670 to 1,680 range today.