The FBM KLCI continues to decline as investors adopt a risk-off approach amid rising volatility.
Aggressive bargain hunting
While aggressive bargain hunting is not recommended, the current market presents opportunities for selective stock picking, particularly in blue chips and defensive stocks with good dividend yields.
For today, the index is expected to trade between 1,550 and 1,565, with hopes that foreign funds will soon favor Asia.
Technical View – DELEUM (5132):
• Resistance Levels: RM1.57 (R1), RM1.69 (R2)
• Support Levels: RM1.39 (S1), RM1.33 (S2)
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