KUALA LUMPUR The FBM KLCI made a cautious start on Thursday after a four-day rally that tacked on about 2.4% to the market benchmark.
The index hovered near multi-year highs, slipping back 0.56 points to 1,710.35 as investors resisted the urge to cash in on the recent gains.
Overnight, a potential trading catalysts dissipated after the US Supreme Court did not issue a ruling on the legality of President Donald Trump's global tariffs. The court did not announce when it will next issue rulings.
Meanwhile, Rakuten Trade said in a note that foreign buying remained evident on the local market, and expects it to persist. Foreign funds net purchased RM172mil of local equities in the previous session, according to Bursa Malaysia's statistics.
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