The domestic interest rate scenario has also changed, with most analysts anticipating that the Central Bank will maintain the OPR indefinitely, which is good news for equities - Rakuten
Bargain hunting activities should return thus expect the index to trend between the 1,490-1,500 range today with the tech sector to see a strong recovery - Rakuten Trade
Funds are shifting into smaller caps with improving daily volume. The focus remains on the plantation stocks as CPO futures rebounded past RM3,900/tonne - Rakuten Trade
Malaysia only Southeast Asian market with net foreign outflow, while Indonesia posts biggest inflow of US$114 million
Buying activity has shifted to smaller cap stocks in certain sectors, providing opportunities for investors
As many are expecting intertest rates hikes reaching a plateau, we reckon focus on the equity market to improve going forward hence expect the index to trend within the 1,495-1,505 range today
Back home, trading on the local bourse had been lackluster but some late buying activities saw the FBM KLCI to close flat. Watch Telco stocks today.