The FBM KLCI closed on a weekly high supported by persistent buying from foreign funds.
“We believe the strengthening ringgit may also play a crucial role in attracting inflow of foreign funds thus expect the index to trend within the 1,620-1,635 range today,” says Rakuten.
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It is pivotal that the index breaks the 1,630 marks decisively to resume it uptrend going forward. As for crude palm oil, prices have declined to almost the year’s low circa. RM3,700/tonne amidst the stronger ringgit.
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