The FBM KLCI ended yesterday’s session firmer following a slow start attributed to some bargain hunting activities.
“We are hopeful that the index can break the 1,500 level decisively soon to maintain the upward trajectory. For today, we believe the index will hover within the 1,490-1,500 range taking the positive cue from Wall Street,” says Rakuten.
Wall street impact
Yesterday, the FBM KLCI extended its upward trajectory, driven by continuous broad-based buying interests. The benchmark index was up 0.32% or 4.82 pts to close at 1,491.19.
Majority of the sectors were positive with utilities (+2.1%), construction (+1.9%), and property (+1.6%), leading the gains; while the loser was seen in plantation (-0.2%).
Market breadth was positive with 664 gainers against 375 losers. Total volume stood at 4.8bn shares valued at RM3.12bn.
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