Market Review for KLCI:
Top Losers
|
||
Scrip Name
|
CMP
|
%change
|
SWSCAP
|
1.15
|
-10.85
|
MENANG
|
0.97
|
-5.83
|
MCT
|
1.14
|
-5
|
SCABLE
|
1.35
|
-4.26
|
GENTING
|
8.68
|
-3.88
|
The FBM
KLCI index lost 12.07 points or 0.72% on Thursday. The Finance Index
fell 0.86% to 14149.76 points, the Properties Index dropped 0.46% to
1161.35 points and the Plantation Index down 0.24% to 7583.1 points.
The market fluctuated
between a high of 1663 and low of 1657 throughout the trading session
on Thursday.
The KLCI closed lower at 1657.54 points, despite overnight gains in
Wall Street. Market breadth was negative as investors sentiment
turned cautious on domestic issues.
Market
forecast for KLCI:
The FBMKLCI opened at the level of 1661 on Thursday and closed in the red at level of 1669. The trading session on Thursday saw a low of 1657;
The market traded within a range of 6.45 points between an intra-day high of 1663.99 and a low of 1657.54 during the session. Market continued the bearsih streak on the third consecutive day Market is expected to breach the support level of 1652 and could further go down to the level of 1643. US allegations of massive fraud at state investment fund 1MDB wherein US authorities moved to seize more than $1bn (£761m) in assets related to the fund happens to be the major reason for the market going down.
The market traded within a range of 6.45 points between an intra-day high of 1663.99 and a low of 1657.54 during the session. Market continued the bearsih streak on the third consecutive day Market is expected to breach the support level of 1652 and could further go down to the level of 1643. US allegations of massive fraud at state investment fund 1MDB wherein US authorities moved to seize more than $1bn (£761m) in assets related to the fund happens to be the major reason for the market going down.
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