The FBM KLCI finally ended on a positive note after a 4-day decline, attributed to some bargain hunting activities. Nonetheless, overall sentiment remains cautious as depicted by the low volume traded.
Meanwhile, it is worthwhile noting that the CPO price has trended at its YTD high thus giving hopes of a potential blockbuster 4Q for the planters.
“All said, we are hopeful the index to maintain its rebound thus expect it to hover within the 1,615-1,625 range today,” says Rakuten.
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