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FBM KLCIStocks and Markets

Mideast events may influence local market

Posted on by Staff Writer

The FBMKLCI finally rebounded amidst some bargain hunting activities.

Though the index managed to stay above the 1,650, overall sentiment was cautious. 

“In view of the ongoing consolidation phase, daily volume traded was extremely low at around the 2.5bn mark which indicates that the retail participation remains muted.

“For today, we believe trading pattern to be similar in view of the events in the middle east thus expect the index to hover within the 1,650-1,660 range today,” says Rakuten.

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