Local stock market expected to firm up


REVIEW: Against the solid US backdrop the previous Friday, many people had expected Bursa Malaysia to kick off the week on a firmer platform, but shares started out on a weak note, with the FBM Kuala Lumpur Composite Index (FBM KLCI) shedding 1.22 points to 1,875.52 on lack of follow-through support from investors.

Blue chips slipped back into rangebound consolidation mode, with big players adopting a “wait-and-see” attitude, awaiting the outcome from the US Federal Reserve policy meeting.

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