The FBM KLCI ended lower to just below the 1,630 level amid continued profit taking activities.
“Despite the absence of catalysts, we believe some stock accumulation to emerge as we expect foreign funds may be forced to re-look at Asia as a prime destination in view of the stuttering US market.
Foreign Funds flow
“As such, we anticipate the index to trend between the 1,630-1,640 range today,” says Rakuten Trade.
Technical View: SSB8 (0045)
Resistance levels are identified at RM0.72 (R1) and RM0.82 (R2). Support levels are pegged at RM0.59 (S1) and RM0.56 (S2
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