The FBM KLCI has been trading in a 52-week range of 1,600.92 points to 1,729.13 points. According to Inter-Pacific Securities Sdn Bhd research head Pong Teng Siew, investment success requires speedy shifts in the current market conditions. The FBM KLCI has not been doing very well. Yvonne Tan, general manager of investment services at Eastspring Investment Bhd, said it continues to adopt the bottom-up approach. However, Nomura sees limited downside from foreign selling in the FBM KLCI as foreign positioning is quite light at the moment.

Source: The Edge Markets October 10, 2016 01:18 UTC