KUALA LUMPUR: The FBM KLCI was slightly lower as trading commenced on Monday, with investors taking a breather after closing out the previous week with two strong sessions of gains.

TA Securities said the rebound in the FBM KLCI over the past week has provided a welcome lift to investor sentiment. Most trend and momentum indicators have turned positive, which suggests scope for further upside in the near term, it said.

“This improvement reflects a shift in technical dynamics, where the index has managed to stabilise after recent weakness and is now showing signs of regaining traction.

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