The FBM KLCI finally cracked to almost the 1,650 mark as sellers emerged following a week of persistent stock accumulation.
“We see this intermittent correction as healthy, allowing the market to digest recent buying activities.
Good corporate results
“For today, we expect the index to hover within the 1,650-1,660 range as earnings from corporate Malaysia seems decent so far especially from the big caps which may prompt an upward revision in the overall earnings growth for CY2024,” Rakuten says.
Malaysia seems decent so far especially from the big caps which may prompt an upward revision in the overall earnings growth for CY2024.
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