Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said he was cautiously optimistic given the improvement in the local market sentiment and the return of foreign funds.
For the week just ended, the FBM KLCI traded mostly higher in sync with regional bourses’ upbeat performance as market sentiment turned positive and fuelled investors' risk appetite. Sector-wise, the Industrial Products and Services Index put on 3.51 points to 172.54, the Energy Index edged up 31.99 points to 856.14, the Financial Services Index went up 280.92 points to 16,471.61 and the Plantation Index dropped 21.13 points to 6,937.70.
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