The Complexities of De-dollarisation - Photo by Karolina Grabowska on Pexels.com
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.
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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