KLCI breaches 1,760 on optimism over upcoming Budget 2018
KUALA LUMPUR (Oct 6): The FBM KLCI closed 4.91 points or 0.28% higher as sentiment turns positive ahead of the upcoming budget 2018 later this month, and as foreign selling subsides.
At 5pm, the benchmark index ended at 1,764, above the 1,760 level, showing a return of buying interest.
"Market has rebounded above 1,760 level as sentiment turned positive since the final week of September. Foreign selling has subsided this week as compared to the last week of September," said Loui Low, Hong Leong Investment Bank Bhd's head of retail research.
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