The FBM KLCI closed lower, attributed to the emergence of sellers in the afternoon session amid a mixed scenario regionally.

“While we believe fundamentals of the local bourse remains intact, externalities still play a pivotal role in dictating the market’s direction.

Mixed scenario

“Thus, in view of the mixed Wall Street performance we believe market undertone to stay boring and expect the index to hover within the 1,660-1,670 range today,” says Raluten.

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