Market Review for KLCI
The FBM KLCI index slipped 2.24 points or 0.13% on Wednesday. The Finance Index increased 0.05% to 14844.54 points, the Properties Index up 0.29% to 1187.1 points and the Plantation Index down 0.33% to 7729.64 points. The market traded within a range of 10.73 points fluctuating between a high of 1715.43 and a low of 1704.70 during the session. The KLCI continued its losing streak for the third consecutive day after closing lower at 1708.91 points amid mixed performance in US market. Market sentiments were negative as investors were cautious on absence of fresh positive leads.
Market forecast for KLCI
The klci index is expected to test the level of 1710 in coming trading session however the bearish market sentiments can push the price down and after testing the resistance at 1710; it is expected to reach to the level of 1700 in near session.
The FBM KLCI index slipped 2.24 points or 0.13% on Wednesday. The Finance Index increased 0.05% to 14844.54 points, the Properties Index up 0.29% to 1187.1 points and the Plantation Index down 0.33% to 7729.64 points. The market traded within a range of 10.73 points fluctuating between a high of 1715.43 and a low of 1704.70 during the session. The KLCI continued its losing streak for the third consecutive day after closing lower at 1708.91 points amid mixed performance in US market. Market sentiments were negative as investors were cautious on absence of fresh positive leads.
Market forecast for KLCI
The klci index is expected to test the level of 1710 in coming trading session however the bearish market sentiments can push the price down and after testing the resistance at 1710; it is expected to reach to the level of 1700 in near session.
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