The FBM KLCI surpassed expectations by surging past the 1,580 level on optimism that the de-escalation of trade tension.
“We believe the uptrend is fuelled by the flight of funds back to equities from bonds coupled with the inflow of foreign funds following their exodus since the beginning of this year,” says Rakuten.
Technical View: GAMUDA (5398)
Resistance levels are identified at RM5.00 (R1) and RM5.40 (R2). Support levels are pegged at RM4.60 (S1) and RM4.20 (S2).
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