The KLCI closed 9.02 points lower at 1755.05 after regaining some ground from an intra-day low of 1749.78 points. The negative performance was in line with overnight losses in US as mixed economic data hints rate hike might come earlier than expected. The performance of our local benchmark index was in line with most of our regional peers. The poor performance of our benchmark index was bogged down by losses in heavyweight counters such as Axiata, YTL, DIGI and TM.
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STOCK RECOMMENDATION :
BUY K ONE [0111] ABOVE 0.630 TARGET 0.650 0.680 0.720 SL 0.580
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