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The FBM KLCI ended on a positive note but retreated from its intraday high due to profit-taking in the afternoon. Despite this, market sentiment seems stronger, as trading volume surpassed 4 billion shares. Buying activity is expected to pick up due to positive news regarding the Agong’s visit to China and the establishment of a Special Financial Zone in Forest City with attractive tax incentives.
The FBM KLCI is anticipated to trade between 1,665-1,675 today, while the Ringgit is strengthening, now hovering around 4.20 against the USD.
Technical View: SDG (5285)
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