Buying on blue chips may instigate some retail interests in small caps

FBM KLCI continues with its climb as bargain hunting activities took centre stage.

Small caps

“For today, we anticipate the index to trend within the 1,585-1595 range with hopes that recent buying on blue chips may eventually instigate some retail interests back to the smaller cap space,” says Rakuten Trade.

Meanwhile, the Ringgit strengthened to RM4.436 in the absence of Trump’s tariffs which in turn saw a temporary easing of the US bonds yield.

Technical View

MAYBANK (1155)

• Entry Level: RM 10.30-RM10.36
• Resistance levels are identified at RM10.60 (R1) and RM11.05 (R2). Support levels are pegged at RM10.22 (S1) and RM9.96 (S2).

Technical Analysis

WH GROUP (288.HK)

• Resistance levels are identified at HKD6.50(R1) and HKD6.80 (R2). Support levels are pegged at HKD6.10 (S1) and HKD5.80 (S2)

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