Market Review for KLCI
The FBM KLCI index Slipped12.49 points or 0.75% on Thursday. The Finance Index fell 0.45% to 14380.34 points, the Properties Index dropped 0.17% to 1164.42 points and the Plantation Index down 0.96% to 7548.13 points. The market fluctuated within a range of 11.30 points between an high of 1653.05 and a low of 1641.75 before the market closing. The KLCI failed to close in positive territory and closed lower at 1645.09 points amid overnight losses in US market. Market sentiment was restricted on concern over weakening ringgit despite surge in oil prices
Market forecast for KLCI The FBMKLCI might have closed lower than its opening, however it closed above its closing price from the previous day.For tomorrow, we expect profit covering to be the main reason for any bearishness exhibited tomorrow. Any move below, might go to touch the 1636 level. On the upside, we expect it to reach 1659 level. Any move above 1663 level, might get the traders excited and may be responsible for a large spurt in volume.
The FBM KLCI index Slipped12.49 points or 0.75% on Thursday. The Finance Index fell 0.45% to 14380.34 points, the Properties Index dropped 0.17% to 1164.42 points and the Plantation Index down 0.96% to 7548.13 points. The market fluctuated within a range of 11.30 points between an high of 1653.05 and a low of 1641.75 before the market closing. The KLCI failed to close in positive territory and closed lower at 1645.09 points amid overnight losses in US market. Market sentiment was restricted on concern over weakening ringgit despite surge in oil prices
Market forecast for KLCI The FBMKLCI might have closed lower than its opening, however it closed above its closing price from the previous day.For tomorrow, we expect profit covering to be the main reason for any bearishness exhibited tomorrow. Any move below, might go to touch the 1636 level. On the upside, we expect it to reach 1659 level. Any move above 1663 level, might get the traders excited and may be responsible for a large spurt in volume.
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