FBM KLCI holds near 1,700 on foreign buying; expect 1,690-1,710 range. Bullish on AFFIN and Bilibili with upside potential.
The FBM KLCI sustained its strong run, closing just below the 1,700 mark at around 1,695 on January 12, 2026, driven by sporadic net buying from foreign funds, which snapped a prior selling streak with modest inflows. Despite potential continued foreign interest, the index is expected to consolidate today in the 1,690-1,710 range.
On the technical front, AFFIN (5185) shows support at RM2.40/RM2.35 and resistance at RM2.55/RM2.65. Meanwhile, Bilibili Inc (9626.HK) presents a BUY opportunity with ~11.3% upside potential from recent levels (around HKD223-238), backed by positive technical indicators, resistance at HKD240/HKD250, and support at HKD210/HKD200.
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