The FBM KLCI continues to chart impressive performance supported by broad based accumulation of blue chips despite the regional markets persistent decline. Nonetheless, the benchmark index YTD performance is still 2.1% lower year-on-year hence more upside for the local bourse can be expected.
Political Uncertainty Over
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“Though we are faced with some headwinds currently from the US and China, we believe the market undertone remains strong, especially from the recent upliftment of political uncertainty. For today, sentiment may remain cautious thus anticipate the index to hover between 1,455-1,465 range,” says Rakuten.
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