Market undertone is still positive
The FBM KLCI ended slightly higher as sentiment remains rather cautious amid some late profit-taking activities with lower volume traded.
“We believe market undertone is still positive judging by the huge premium from recent new listings hence expect some liquidity improvements especially within the smaller cap segment.
“As for the benchmark index, we expect it to hover within the 1,615-1,625 range today,” says Rakuten Trade.
FBM KLCI pared earlier gains to closed marginally higher after a volatile trading session. The benchmark index
added 0.09% or 1.43 pts to close at 1,616.75.
Gainers were seen in health care (+1.96%), transportation (+0.58%), and telecommunications(+0.36%); while losers were seen in technology (-0.49%), plantation (-0.17%), and consumer (-0.15%).
Market breadth was mixed with 586 gainers against 558 losers while 495 counters were unchanged. Total volume stood at 4.93bn shares valued at RM3.79bn.
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