The FBM KLCI closed lower after struggling to maintain its uptrend amid a mixed regional performance.
“Nonetheless, we noticed that daily volume remains decent at around the 6bn shares threshold and should improve over time when the buyers return to the smaller cap companies.
“For today, we expect the index to hover between the 1,610-1,620 range and the emergence of bargain hunting activities in the event if the index test the 1,610 mark. Meanwhile, the Brent crude price closed in of US$82/barrel on improving demand,” says Rakuten.
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