FBM KLCI slides, sees support from foreign inflow

KUALA LUMPUR: Weaker sentiment on global stock markets and caution ahead of the release of the minutes of the US Federal Reserve's most recent monetary policy meeting are likely to keep the local FBM KLCI from rising further.

However, there have has been an inflow of foreign funds into the market over the past 13 consecutive sessions, which is likely to provide support to the local stock market, said Apex Securities Research.