KLCI extends sideways pattern

TheStar Sat, Aug 01, 2020 11:00am - 3 years View Original


weekly fbm klcis

REVIEW: There were some upward movements on the FBM KLCI over the past week, with much of the gains powered by glove counters as the index moved past 1,600 points.

However, short of breaching the resistance at 1,620, the sideways channel on the FBM KLCI is set to continue.

The volatility on the market was highlighted by intermittent bouts of selling. On Wednesday, the index fell 20 points to 1,590 before bouncing to a mildly positive close at 1,611.42 points.

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