On a Friday-to-Friday basis, the index declined 6.72 points to end at 1,589.61 from 1,596.33 last week. ― Picture by Hari Anggara
However, she added that due to the strong demand from the glove sector which drove the market higher, an inverted hammer pattern was seen throughout the market trend. This trend is expected to continue as the healthcare sector is yet to reach its peak as concerns over Covid-19 continue to plague the market.
On the oil front, benchmark Brent Crude is expected to continue to hover at US$42 to US$45 per barrel, as downside risk is still clouding the oil industry.
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