The FBM KLCI closed positively after a weak streak, though no clear post-CNY rally has emerged. The market appears primed for stock accumulation.
Foreign funds flow
Foreign funds may shift towards Asian markets amid Wall Street volatility, as evidenced by gold hitting an all-time high near USD 2,800/oz. The index is expected to trade within the 1,555-1,565 range today.
Technical View: AUMAS (0098)
• Resistance: RM1.00 (R1), RM1.10 (R2)
• Support: RM0.78 (S1), RM0.70 (S2)
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