Market sell-down, likely driven by foreign funds, came as a surprise

The FBM KLCI closed lower due to late selling, reversing its earlier positive trend. The sell-down, likely driven by foreign funds, came as a surprise.

Recovery from sell-down?

A quick rebound is expected, with the index projected to move within the 1,575-1,585 range today.

Technical View: KAREX (5247):

• Resistance: RM0.95 (R1), RM0.99 (R2)

• Support: RM0.91 (S1), RM0.88 (S2)

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Staff Writer

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