The FBM KLCI slipped toward the 1,680 mark, pressured by late foreign fund selling and weak regional performance. Analysts, however, believe local equities are attractive for accumulation at current levels and encourage selective bargain hunting. For today, the benchmark index is expected to hover within the 1,680–1,690 range, supported by cautious optimism amid ongoing geopolitical uncertainty
Bursa slipped
Wall Street closed higher overnight as traders grew optimistic that the US-Iran conflict may ease despite President Trump’s latest warning to destroy Iranian infrastructure. Brent crude prices remained elevated at USD110 per barrel, while the US 10-year Treasury yield edged up to 4.337%. Regional sentiment was muted, with Hong Kong markets still shut for holiday.
Leave a Reply
You must be logged in to post a comment.