Market Review for KLCI
The FBM KLCI index slipped yet again and lost 21.28 points or 1.27% on Tuesday. The Finance Index fell 1.22% to 14409.32 points, the Properties Index dropped 0.44% to 1167.54 points and the Plantation Index down 1.16% to 7621.09 points. The market traded within a range of 26.24 points moving between a high of 1676.03 and a low of 1649.79. The KLCI continued with its losing streak and closed even lower at 1651.44 points inspite of overnight gains in US market. Market performance remained poor as investors sentiment were weakend by a weaker ringgit
Market forecast for KLCI Against the hopes of traders, the FBMKLCI continued with its fall at the first trading day of the month closing at the depth of 1651 level. Looking at the bearish candle it formed today, it seems the downfall might contiue tomorrow also due to majority of traders standing at the sidelines and looking helplessly as possibility of 1639 being reached turns more into reality. An upward move will look promising only if it closes above the level of 1663.
The FBM KLCI index slipped yet again and lost 21.28 points or 1.27% on Tuesday. The Finance Index fell 1.22% to 14409.32 points, the Properties Index dropped 0.44% to 1167.54 points and the Plantation Index down 1.16% to 7621.09 points. The market traded within a range of 26.24 points moving between a high of 1676.03 and a low of 1649.79. The KLCI continued with its losing streak and closed even lower at 1651.44 points inspite of overnight gains in US market. Market performance remained poor as investors sentiment were weakend by a weaker ringgit
Market forecast for KLCI Against the hopes of traders, the FBMKLCI continued with its fall at the first trading day of the month closing at the depth of 1651 level. Looking at the bearish candle it formed today, it seems the downfall might contiue tomorrow also due to majority of traders standing at the sidelines and looking helplessly as possibility of 1639 being reached turns more into reality. An upward move will look promising only if it closes above the level of 1663.
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