FBM KLCI pared earlier gains to close marginally lower attributed to late selling activities.
Nonetheless, we noticed the presence of buyers coupled with improving trading volume which breached the 5bn shares level.
Plantation Stocks
“For today, we expect the index to possibly trend within the 1,600-1,610 range as bargain hunting activities is anticipated to persist.
“Meanwhile, crude palm oil (CPO) price improved to around the RM4,000/tonne may induce some interest on Plantation stocks,” says Rakuten Trade.
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