Limit-down stocks influence FBM KLCI

RHB Research said the next resistance for the FBM KLCI is at 1,500 points.

PETALING JAYA: Choppy trading appears to dominate the local bourse of late even as the FBM KLCI continues to test the key 1,500-point resistance level.

In the bigger picture, sentiment appears equally balanced with upside support coming from the strong performance in the stock markets led by the United States but also tempered by the continued slowing of China’s economy, which had pulled the stock markets there to multiyear lows.