FBM KLCI extended its momentum upwards since the start of the week as bargain hunting activities emerged.
“We expect the local market to extend its recovery trend ahead of the year-end window dressing. The positive developments on Wall Street overnight may provide support to the local bourse’s recovery trend today,” says Apex.
Small-cap stocks
Sector wise, the Technology sector may see further buying interest, tracking the overnight gains in Nasdaq.
Lower liners have shown signs of recovery in recent trading sessions. “We expect small-cap stocks to attract further bargain hunting activities as traders start to adopt risk-on mode.”
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