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Market takes a breather following Nov activity

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At 9.05am, the FBM KLCI was 3.29 points lower at 1,478.51.

Kenanga Research noted it could be a fairly quiet week after a hive of activities in November and no key macro data scheduled for release this week.

Over the coming period, Kenanga said investors could nibble at the second and third liners for trading opportunities as they digest the recent headline gains. "Tracking the USD weakness, the Ringgit has strengthened vis-à-vis the USD , Yuan and SGD since early November. In a separate report, Malacca Securities Research said it expects the market to stabilise and trade on certain politically linked stocks with the set-up of the new Cabinet.

 

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