Bursa: Low-daily volume shows lacklustre pace

The FBM KLCI maintained its uptrend albeit at a lacklustre pace as illustrated by the low daily volume traded that is stuck at the 3bn shares level.

Low-daily volume

“For today, we believe buying activities may gain some traction after the modest US CPI data overnight thus expect the index to hover within the 1,610-1,620 range. Meanwhile, we anticipate the MYR to strengthen against the greenback going forward and dip below the RM4.40 mark anytime soon,” says Rakuten Trade.

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Technical View: NESTCON (0235)

Resistance levels are identified at RM0.455 (R1) and RM0.49 (R2). Support levels are pegged at RM0.41 (S1) and RM0.375 (S2).

Technical View: LINK REIT(832,HK)

Resistance levels are identified at HKD37.35 (R1) and HKD40.50 (R2). Support levels are pegged at HKD33.00 (S1) and HKD30.10 (S2).

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