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Bursa Malaysia

Cautious market undertone

Cautious market undertone ahead of the FOMC meeting later today,” says Rakuten Trade.

By · September 15, 2026 · 1 min read

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The FBMKLCI managed to close at almost its psychological 1,700 level.

Cautious market

“For today, we expect the index to hover within the 1,695-1,705 range in view of a cautious market undertone ahead of the FOMC meeting later today,” says Rakuten Trade.

    Technical View: PETDAG (5681)

    PETDAG has cleared the RM20.50 resistance area. Sustaining above RM20.80 could pave the way towards RM21.20, followed by RM22.70.

    Accumulate at RM20.40-RM20.80.

      Technical Play (HK): BANK OF CHINA LTD-H (HK. 3988)

      BUY with 8% potential upside, 4.5% dividend yield and positive technical indicators.

      Resistance levels are identified at HKD6.30 (R1) and HKD6.50 (R2). Support levels are pegged atHKD5.79 (S1) and HKD5.55 (S2).

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