Sentiment in Malaysian market remains shaky

OCBC Treasury Research says risk remains tilted towards the downside, with some interim support seen at 1620.

Here’s more from OCBC Treasury Research:

Selling actions sustained on Tuesday, driving the KLCI lower to 1632.57 in the session. Sentiment in the market remains precarious at this juncture with the Eurozone crisis still in focus.

The dearth of cues from the local front would mean that investors will continue to trade alongside global risk appetite, although the widely anticipated debut of IHH stocks this morning could inject some positives into the local bourse.

For now, risk remains tilted towards the downside, with some interim support seen at 1620.

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