KUALA LUMPUR (Sept 23): Rakuten Trade expects the FBM KLCI to trend within a narrow range of 1,435-1,450 on Friday (Sept 23) as sentiment is expected to remain cautious.

In its daily market report on Friday, the research house sees the technology sector experiencing some headwinds during the day as growth may be affected with steep rising rates in the US.

“Some bargain-hunting activities may emerge for the banks and telcos after consecutive declines,” it said.