KLCI opens higher but drifts lower thereafter

TheStar Mon, Mar 28, 2022 09:22am - 2 years View Original


KUALA LUMPUR: The FBM KLCI opened higher but drifted lower thereafter.

At 9.09am, the FBM KLCI was 3.26 points lower at 1,599.17 after opening marginally higher at 1,606.14.

TA Securities said the recovery in technical momentum and trend indicators following last week's moderate recovery on the FBM KLCI implies there could be further sustainable gains toward this month-end.

The research house said the higher probability for first quarter window-dressing gains and rising optimism over the imminent economic reopening and endemic phase come April 1 should augur well for investor sentiment to turn more positive.

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