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KLCI hits new one-year high, expected to retest 1,800 level

Mimi Sabreena 6:04:00 PM Informasi

KUALA LUMPUR (June 6): The FBM KLCI closed up 3.06 points or 0.17% at 1,791.01 today, reaching a new one-year high as the market outlook remained bullish.

“We are expecting the index to retest the 1,800 level, so today’s performance was within the range of our expectations,” said Loui Low, head of retail research at Hong Leong Investment Bank Bhd.

The gains were mostly led by large cap stocks such as Tenaga Nasional Bhd (TNB) and IHH Healthcare Bhd, Low told theedgemarkets.com.

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