REVIEW: The bounce on the FBM KLCI following the recent correction came a little lower than expected at the 1,480 mark, but offered some upside relief to the index. Affirming that there was nearby support for the index, the 1,500-point level remained intact over the course of the week.
The rebound, however, seemed to be driven once again by glove counters, which over the period of July to mid-September, experienced profit-taking pressures in light of progress in the development of a Covid-19 vaccine.
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