KUALA LUMPUR, March 19 — The FBM KLCI maintained its strong momentum, closing just below the 1,730 mark, supported by continued foreign fund accumulation of local equities.
FBM KLCI Holds Strong
Market sentiment remains cautiously optimistic as investors weigh whether such buying will persist ahead of the long Hari Raya weekend. Analysts expect the benchmark index to hover between 1,720 and 1,740 today, with potential for a pre-Raya rally if foreign inflows continue.
AMBANK
On the technical front, AMBANK (1015) shows resistance at RM7.00 (R1) and RM7.50 (R2), while support is pegged at RM6.65 (S1) and RM6.50 (S2).
In Hong Kong, China Construction Bank (HK.0939) presents a BUY opportunity with a 20.7% potential upside, a 5.2% dividend yield, and positive technical indicators. Resistance levels are at HKD8.20 (R1) and HKD8.50 (R2), with support at HKD8.00 (S1) and HKD7.70 (S2).
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