Tradeview Capital's Wong said the FBM KLCI could still test 1,600 within the next couple of weeks.
PETALING JAYA: While the FBM KLCI may have closed lower yesterday, apparently in a cautious nod to the release of the country’s second-quarter (2Q25) gross domestic product (GDP) numbers at noon today, analysts believe the economic data will have a limited impact on the premier index’s performance, unless it is surprisingly unfavourable.
The FBM KLCI settled at 1,581.05 points yesterday, down by 5.55, as losers trounced gainers by 472 to 379, as expert observers believe that Malaysia’s GDP growth for 2Q25 is likely to miss the advanced target of 4.5%, ahead of Bank Negara Malaysia’s (BNM) official announcement.
