KLCI to trade range bound as foreign selling to cap gains


KUALA LUMPUR: BIMB Securities Research sees the local market trading range bound with immediate resistance at 1,740 and immediate support at 1,730.

Foreign selling is expected to cap any gains as net selling continues on Bursa Malaysia with the latest at –RM183.8mil on Wednesday, according to the research house’s data. Retail investors also reduced their shareholding with net selling at –RM14.6mil.

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