FBM KLCI unexpectedly slid to below the 1,580 level as we reckon foreign selling has moved up a gear.

Buying interest

“Nonetheless, we believe reports that the YTL Group are offering free warrants as bonus issues may see some buying interests returning thus expect the index to hover within the 1,575-1,585 range today,” says Rakuten Trade.

Technical View: WPRTS (5246)

  • Entry Level: RM 4.40-RM4.47
  • Resistance levels are identified at RM4.58 (R1) and RM4.78 (R2). Support levels are pegged at RM4.34 (S1) and RM4.23 (S2).
Staff Writer

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