Market outlook remains optimistic
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 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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