FBM KLCI moves cautiously higher as risk appetite improves


KUALA LUMPUR: The FBM KLCI edged slightly higher in a sideways trading channel despite a strong overnight rally on Wall Street that reinvigorated the risk appetite for equities.

At 9am, the local benchmark index was up 0.76 points to 1,619.54, hugging closely to the 50-day simple moving average.

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