Kuala Lumpur Composite Index slipping 6.58 points to 1,608.43.Some 1.64 billion lots, valued at RM1.55 billion were traded. Losers outnumbered gainers 412 to 366
Weekely Update of KLCI:-
KLCI market starts with bearish movement and with a weekly loss of 54.44 points. KLCI moved within the range of 1661.95 to 1603.02.On Friday
The KLCI closed higher at 1615.01 points despite overnight losses in U.S
market. However market breadth was negative after ringgit headed for its biggest
weekly declined.
The Finance Index fell 0.23% to 13979.72 points, the Properties Index up 0.25%
to 1160.99 points and the Plantation Index rose 0.19% to 6945.61 points. The
market traded within a range of 14.42 point during the session.
Market Forecast For Another Week:-
We are expecting the market to trade sideways in coming week, however it is
taking support at 1600 if the market founded fresh leads it can move positive
and end the week with bullish sentiments.
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