Investors are still pondering on effects of Budget 2025

The FBM KLCI maintained its consolidation pattern to close lower as many are still pondering the aftereffects of Budget 2025.

Daily volume traded remains low as we enter the earnings season in a cautious mood.

Investors pondering

“We believe trading to stay lacklustre thus expect the index to hover within the 1,640-1,650 range today.

“Meanwhile, crude oil prices rebounded with the Brent crude hitting above the USD76/barrel on renewed optimism over Chinese demand,” says Rakuten.

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