On the home front, the FBM KLCI closed lower attributed to continued selling from the foreign funds. As sentiment is expected to remain cautious, we reckon the index to trend within a narrow range of 1,435-1,450 today.
The recent talks of the imminence of elections could shift the market focus to construction players, say analysts in the latest market report
"The Oil & Gas sector may see some buying as well with the Brent crude continued with its upside now US$94/barrel on tight supply as deal with Iran on nuclear deal faded."
The FBM KLCI closed off the day's low with some buying activities on O&G and telco stocks during the final hour of trading.
Banks, Planters, Reits and selected manufacturing entities (technology and F&B) reported a solid set of earnings
As corporate results reporting has begun, we noticed earnings from the Oil & Gas related stocks to be rather weak so far amid the sector’s volatility
From the Greek crisis to China's rise as the biggest economy in the world and Trump's war with China without forgetting the current COVID-19 economic devastation, this is how the market changed!