Bullish market but caution is advised on potential risks with the looming threat of a US recession and geopolitical tensions while "Investors tread cautiously"
The FBM KLCI closed on a positive note today, buoyed by continued buying from foreign funds. Despite some intermittent profit-taking activities, the local bourse managed a decent run throughout the week.
However, average trading volumes remained low due to the absence of retail participation, as many investors are drawn to the recent flurry of IPOs, which have siphoned liquidity away from the secondary market.
Looking ahead, the index is expected to trend within the 1,640-1,650 range as market participants brace for a crucial weekend in the US, says Rakuten.
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