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FBM KLCIStocks and Markets

FBM KLCI is anticipated to trade between 1,665-1,675 today

Posted on by Staff Writer

The FBM KLCI ended on a positive note but retreated from its intraday high due to profit-taking in the afternoon. Despite this, market sentiment seems stronger, as trading volume surpassed 4 billion shares. Buying activity is expected to pick up due to positive news regarding the Agong’s visit to China and the establishment of a Special Financial Zone in Forest City with attractive tax incentives.

The FBM KLCI is anticipated to trade between 1,665-1,675 today, while the Ringgit is strengthening, now hovering around 4.20 against the USD.

Technical View: SDG (5285)

  • Resistance: RM4.77 (R1), RM4.98 (R2)
  • Support: RM4.51 (S1), RM4.46 (S2)

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