The FBM KLCI took another stride forward as sentiment turned more favourable yesterday. We reckon that the key index may build onto its previous session gains, driven by the (i) stable political environment, (ii) uninterrupted foreign funds inflow over the past 7 consecutive trading sessions and (iii) active EPF members hitting all-time high of 8.5m signals robust employment market. The lower liners are also in a sweet spot with the quarterly reporting season shifted into higher gear. Moving forward, investors will be keeping a close tab on the US FOMC minutes releases that may provide additional clues over the interest rate direction in the world largest economy
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