The research house said this was largely because the FBM KLCI has generally yielded positive returns in the three-month periods up to the past election polling dates, apart from robust headline economic indicators which support the ringgit and investment sentiment. The GE14 is widely expected to be held in March or April next year.
PETALING JAYA: Bearish sentiment continued to envelope the stock market as the benchmark FBM KLCI closed lower by 4.73 points or 0.28% to 1,694.99 points as investors weighed the third quarter earnings season.
Market breadth was negative with losers outnumbering gainers by just over two times while 352 counters were unchanged and 708 counters untraded.
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