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KLCI seen opening flat on lack of fresh catalysts

Mimi Sabreena 9:10:00 AM Informasi

KUALA LUMPUR (July 12): The FBM KLCI is expected to open flat today as sentiment at the local market is seen remaining tepid in the absence of fresh catalyst to boost interest in local equities.

Foreign institutions continued to sell as the ringgit weakens further.

Net sell from foreign institutions was RM205 million while net buy from local institutions was RM207 million. The ringgit weakened from RM4.29 two weeks ago to RM4.30 to a US Dollar last Friday.

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