Overseas pressure. The FBM KLCI fell nearly 7 points to close at 1352.91 points yesterday as global markets were all in the red, which weighed on sentiment. Market breadth was negative, with losers overwhelming gainers by more than 2 to 1. With the Dow falling by another 265 points last night, local stocks should continue to be in the red today. Meanwhile, crude oil plunged USD2.23 per barrel to USD78. The FBM KLCI is trading near the immediate support of 1350 points, which if broken would see it falling to the next support of 1332 points. In the absence of positive leads from local front, pressure from overseas markets will likely cause the FBM KLCI to test these support levels.
*Terkini – Jadual Seminar & Bengkel PUABUMI 2012
4 years ago