KUALA LUMPUR: There was little enthusiasm on the domestic market amid an absence of catalysts to break it out of a consolidation phase.
The FBM KLCI was up 1.64 points at the open to 1,610.79, paring only slightly the losses made in the previous session.
A technical review by TA Securities showed persistent weakness in the short-term technical momentum indicators, which continues to signal a bearish outlook for the benchmark index.
Looking further ahead, the research firm said the longer-term indicators suggest further profit-taking and consolidation may be on the horizon.
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