The FBM KLCI declined slightly to almost the 1,650 level despite some buying activities for most of yesterday’s session as we noticed selling on YTL related companies continues. Daily volume traded improved predominantly due to 99Speedmart debut, otherwise market sentiment was still in cautious mode despite net foreign fund inflows are still apparent.
“For today, we expect the index to hover within the 1,650-1,660 range.” – Rakuten Trade
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