Market Review for KLCI
The FBM KLCI index gained 8.11 points or 0.47% on Wednesday. The Finance Index increased 0.46% to 14941.93 points, the Properties Index up 0.47% to 1190.16 points and the Plantation Index rose 0.50% to 7809.03 points. The market traded within a range of 8.44 points between an intra-day high of 1726.30 and a low of 1717.86 during the session. The KLCI closed higher at 1723.11 points amid overnight gains in US market. The performance of the local benchmark was supported by bargain-hunting which was seen most of the day.
Market forecast for KLCI
The KLCI after todays performance is expected to continue trading within the previous consolidation range with traders trying to search for opportunities in the market that has shown bullish tendencies after a long time. The bullish traders would also be supported by ripples created by the Crude Oil inventories report, due to be released on Wednesday evening
The FBM KLCI index gained 8.11 points or 0.47% on Wednesday. The Finance Index increased 0.46% to 14941.93 points, the Properties Index up 0.47% to 1190.16 points and the Plantation Index rose 0.50% to 7809.03 points. The market traded within a range of 8.44 points between an intra-day high of 1726.30 and a low of 1717.86 during the session. The KLCI closed higher at 1723.11 points amid overnight gains in US market. The performance of the local benchmark was supported by bargain-hunting which was seen most of the day.
Market forecast for KLCI
The KLCI after todays performance is expected to continue trading within the previous consolidation range with traders trying to search for opportunities in the market that has shown bullish tendencies after a long time. The bullish traders would also be supported by ripples created by the Crude Oil inventories report, due to be released on Wednesday evening
No comments:
Post a Comment