FBM KLCI rises in early trade amid US rate cut hopes


KUALA LUMPUR: The FBM KLCI edged higher on Monday as it rode on renewed buying interest, spurred on by hopes the US Federal Reserve will maintain a dovish stance.

The late-buying interest last Friday pushed trend and momentum indicators higher, pointing to a potential for further near-term gains, said TA Securities in its technical outlook.

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Bursa Malaysia , KLCI , equities , trading , stock

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