REVIEW: The 100-day simple moving average (SMA), which hovers near the 1,660 resistance continues to be a difficult hurdle to breach as was evidenced by the FBM KLCI’s descent over the past trading week.Investors were jubilant on Monday as the highly-anticipated news that Washington was suspending a plan to impose tariffs on Mexican goods came to fruition, giving equities a boost.
Nevertheless, the rally that had driven the market off 2016 lows had reached a temporary ceiling and mild profit-taking took the local benchmark index to consolidation mode.
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