Market Review for KLCI
The FBM KLCI index gained 8.74 points or 0.53% on Wednesday. The Finance Index increased 0.53% to 14604.15 points, the Properties Index up 0.86% to 1166.51 points and the Plantation Index rose 0.20% to 7507.98 points. The market traded within a range of 16.54 points between an intra-day high of 1646.96 and a low of 1630.42 during the session. The KLCI rose to close at 1644.58 points, taking cue from overnight gains in Wall Street. The performance of our local bourse was buoyed by buying interest in heavy weight counters such as YTL Corp and RHB Cap.
Market forecast for KLCI
The KLCI index is expected to trade sideways in coming trading session however if the market will cross the level of 1650 then it can give a positive movement and can reach to the level of 1670 in near term.
The FBM KLCI index gained 8.74 points or 0.53% on Wednesday. The Finance Index increased 0.53% to 14604.15 points, the Properties Index up 0.86% to 1166.51 points and the Plantation Index rose 0.20% to 7507.98 points. The market traded within a range of 16.54 points between an intra-day high of 1646.96 and a low of 1630.42 during the session. The KLCI rose to close at 1644.58 points, taking cue from overnight gains in Wall Street. The performance of our local bourse was buoyed by buying interest in heavy weight counters such as YTL Corp and RHB Cap.
Market forecast for KLCI
The KLCI index is expected to trade sideways in coming trading session however if the market will cross the level of 1650 then it can give a positive movement and can reach to the level of 1670 in near term.
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