Expectedly, the key index remained on course over its upbeat tone yesterday as gains were evident amongst most of the index heavyweights. We expect buying momentum to remain stable, supported by the return of net buying position from the foreign funds. The lower liners, however, may tread cautiously as we enter the quarterly reporting season. Meanwhile, investors will be keeping a close watch on Malaysia’s unemployment rate as well as the US inflation rate today; the latter may provide additional clues over the US Federal Reserve interest rate direction, moving forward.
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