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[$] Market Review for KLCI

Market Review for KLCI

The FBM KLCI index lost 14.62 points or 0.88% on Tuesday. The Finance Index fell 0.12% to 13865.72 points, the Properties Index dropped 0.12% to 1110.14 points and the Plantation Index down 2.13% to 7747.86 points. The market traded within a range of 15.22 points with a high of 1666.51 and a low of 1651.29. The KLCI extended its midday losses by ending lower at 1653.18 points, tracking overnight mixed performance in Wall Street. Market breadth was negative amid continuous concern over China's economic growth and the decline in oil prices.

Market forecast for KLCI

The KLCI index is expected to trade sideways in coming trading session and it can test the level of 1650. The market had faced a constant bearish pressure in the last trading day that can continue to be in force in coming trading session, if the market will cross the level of 1650 then it can drop further to the level of 1635 in near term

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