KUALA LUMPUR (Oct 13): Rakuten Trade said despite the weak market undertone at the local bourse, it expects some bargain hunting to emerge anytime soon after 3 days of consecutive declines that saw the FBM KLCI index drop by 40 points.

“As such, we expect the index to trend within the 1,380-1,400 today with some focus on the Bank and Telco sectors.

“Meanwhile, the Brent crude fell to around the USD92/barrel on reports of higher inventory,” the research house said in a daily market report on Thursday (Oct 13).