Asean market may experience some quiet moment

After a volatile week, the FBM KLCI closed positively, with bargain hunters expected to support the index around the 1,500 level.

ASEAN

While ASEAN markets may experience some quiet moments due to ongoing rallies in Hong Kong, a recovery is anticipated. The index is expected to trade within the 1,510-1,520 range today.

Stock Technical View: MAHSING (8583)

• Resistance: RM1.45 (R1), RM1.75 (R2)

• Support: RM1.20 (S1), RM1.10 (S2)

Investment Ideas

1. Broadcom Inc (AVGO) – US Market

• BUY with 29.0% potential upside and positive indicators.

• Resistance: USD216.70 (R1), USD252.00 (R2)

• Support: USD186.50 (S1), USD165.90 (S2)

2. China Mobile Ltd (HK.0941) – Hong Kong Market

• BUY with 9.5% potential upside and a 6.0% dividend yield.

• Resistance: HKD85.00 (R1), HKD55.00 (R2)

• Support: HKD81.00 (S1), HKD79.00 (S2)

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Market: Technology Sector may see interest