KUALA LUMPUR: Hwang DBS Vickers Research (HDBSVR) expects the FBM KLCI which rose 41.7 points or 2.6% over the past 12 days to close at a new all-time high of 1,635.96 on Monday, could pause for a breather soon.
It said on Tuesday that, if so, the KLCI was expected to back off slightly from its immediate resistance line of 1,635 ahead. “Essentially, buyers may want to take a break in the absence of fresh positive catalysts,” according to the research house in its market outlook report.
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