Local bourse hovers near 1,600 mark as traders digest gains


KUALA LUMPUR: The FBM KLCI was slow out of the blocks as traders digested the previous day's gains, which had extended the overbought valuations of the stocks.

There are expectations of profit-taking on the domestic market as the rally that had begun at the start of August started feeling the reality of gravity.

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Bursa Malaysia , KLCI , equities , trading , stock

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