FBMKLCI will continue to range bound

Overall KLCI will continue to range bound and looking for lead. Sulu intrusion case temp solved but still pending on bigger picture of what next. Election date is definitely looming and we foresee severe competition between both BN and PR may lead to more sensitive information and stories to be uncovered.

However, as global markets rally. The impact spilled over to hold on the sentiment. We continue recommend defensively stay invested particular on asset, commodities and financial related industry.

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