The FBM KLCI declined further to around the 1,730 mark. We note the selling may be a bit overdone exacerbated by concerns from the sell-down in Indonesia regarding free floats amongst the listed companies.
Bursa rebound
“We expect a rebound soon with the index to hover within the 1,730-1,750 range today.”
Technical View: ECOWLD (8206)
Resistance levels are identified at RM2.30 (R1) and RM2.35 (R2). Support levels are pegged at RM2.23(S1) and RM2.15 (S2).
Leave a Reply
You must be logged in to post a comment.