Index projected to move within the 1,590-1,600 range

The FBM KLCI remained flat due to last-minute buying in blue-chip stocks.

Despite its erratic performance, the resurgence of buying in Hong Kong suggests that Asia is becoming a preferred destination for foreign funds, with ASEAN expected to benefit soon.

For today, the index is projected to move within the 1,590-1,600 range.

Technical View: SAMAIDEN (0223)

• Resistance Levels: RM1.42 (R1), RM1.60 (R2)

• Support Levels: RM1.20 (S1), RM1.10 (S2)

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