FBM KLCI continues rebound after two days of recovery

TheStar Fri, Apr 19, 2024 09:13am - 2 weeks View Original


KUALA LUMPUR: An air of uncertainty remains on the domestic market following two days of recovery as the tensions in the Middle East subside and investors digest the latest developments in the US economy.

The FBM KLCI opened 1.54 points higher on Friday at 1,546.3 points, as investors continued to retrace losses made the first half of the week.

Nevertheless, analysts advised caution as the investment mood had turned against equities amid a change in sentiment over risk assets.

"We advise investors to trade cautiously and to monitor developments in the Middle East over the weekend.

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