We think the market is looking for clue.

As we mentioned, US debt ceiling issue is part of the expected problem. But together with budget to be announced and UMNO and MCA development on going. We feel the market is going to range bound but bias to slightly weaker position. 1800 is a very stubborn resistant if the break is not decisive above 1820-1830. Suggesting go for an exercise and wait for more concrete development.

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