Market trend to stay bearish this week


LAST close (Feb 21) 646.1 points, off 4.6 points from a week ago. Week’s high: 661.5 points: Week’s low: 645.5 points. 

The Malaysia Derivatives Exchange (Mdex) KLCI futures prices returned all of its early gains and traded lower for most of the sessions on long-liquidation pressure before finishing the week with moderate losses. The deepening Iraqi crisis discouraged many who were earlier long to closed books ahead of the weekend.  

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