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EVs. Back home, the FBM KLCI failed to maintain its strong opening as late selling saw the index closing lower.
“Nonetheless, we noticed some muted accumulation on stocks thus expect the index to hover between the 1,605-1,615 range today.
“If you missed our Rakuinsights yesterday, there are trading opportunities on logistic related players namely KGW, FM Global, Tasco and Harbour Link following a surge in Global Freight rates which have more than doubled YTD.” says Rakuten Trade.
FBM KLCI pared its early gains to end slightly lower, in tandem with the weak regional performances. The
benchmark index was down 0.18% or 2.88 pts to close at 1,611.49.
Majority of sectors were positive with construction (+4.3%), technology (+2.4%), and property (+1.4%), leading the gains; while losers were seen in transportation (-1.0%), and plantation (-0.7%).
Market breadth was positive with 797 gainers against 496 losers. Total volume stood at 6.98bn shares valued at RM5.12bn.
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