KUALA LUMPUR (Aug 19): Inter-Pacific Securities Sdn Bhd said market conditions are likely to remain mostly indifferent as the FBM KLCI appears to be toppish following its 7% rebound in July. However, it said sustained buying by foreign funds helped to limit the day’s losses and kept the key index comfortably above the 1,500 level. “Conditions in the broader market were also mostly directionless and this trimmed the fresh buying interest. Inter-Pacific said with fewer impetuses, and the ongoing results reporting season devoid of significant surprises, the wait and see conditions are likely to stay for the time being. “The sustained support should also keep the key index above the psychological 1,500 level for the time being.

Source: The Edge Markets August 19, 2022 12:32 UTC