On Monday, the FBM KLCI erased gains it had made during a rebound on Friday as the global sentiment continued to sap foreign funds from the domestic market. It fell as much as 66 points in intra-day trade to a low of 1,709 points. By Thursday, investors initiated a relief rebound on global markets even as Italian politicians agreed to sit down for a way through the impasse. The FBM KLCI closed 21.34 points higher at 1,740.62. Based on the technical indicators, the FBM KLCI remains on a bearish footing.

Source: The Star June 02, 2018 01:07 UTC