REVIEW: The FBM KLC remains in a sideways trading channel, capped by uncertain market sentiment, despite a strong rebound yesterday. However, the positive performance helped to dispel fears of further declines as the index had exited below the 200-day simple moving average (SMA) just a day earlier.
During the first half of the week, the FBM KLCI stayed afloat of the 200-day SMA, which investors had clung to following a correction in the first week of May.
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