The FBM KLCI trended in a tight range and ended in negative territory in tandem with the performance of emerging markets.
“We expect this to offer opportunities for investors to engage in bargain hunting given the cheaper valuations.
Tight range but…
“On the other hand, Brent crude oil remains elevated at above USD 83 per barrel, and we believe this will provide a short-term play on energy stocks.
“We anticipate the benchmark index to trend within the range of 1,590-1,610 for today,” says Rakuten Trade.
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