Forex News KLCI may extend yesterday's losses, taking cue from Wall Street's fall overnight but downside may be limited as mild bargain-hunting expected to emerge, say dealers. Benchmark index tipped to trade in 1090-1120 range vs Monday's close at 1103.48 (down 0.1%). "Plantation stocks may attract some bargain hunting as crude oil broke its four-day losing streak while oil and gas related stocks may attract fresh buying interest," says dealer. KLCI's technical indicators remain bearish though, likely to cap market's rise. Investors also expected to stay cautious ahead of June inflation data release(due Wednesday at 0900GMT), central bank monetary policy outlook Friday.
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