Categories: Business News

Investors balancing optimism against external uncertainties


The FBM KLCI edged higher as renewed buying in banking heavyweights lifted sentiment Al while investors are balancing optimism.

The strengthening of the ringgit (MYR) added further support, keeping the local benchmark resilient.

With investors balancing optimism against external uncertainties, the index is expected to continue oscillating within the 1,730–1,750 range today.

Investors balancing optimism


Technical View: AQUAWALK (0380)

  • Resistance: RM0.45 (R1), RM0.47 (R2)
  • Support: RM0.43 (S1), RM0.415 (S2)

Technical Play (HK): PetroChina Company Limited (HK.0857)

  • Call: BUY
  • Upside Potential: 11.7%
  • Dividend Yield: 5.7%
  • Indicators: Positive technical signals
  • Resistance: HKD9.20 (R1), HKD9.60 (R2)
  • Support: HKD8.60 (S1), HKD8.35 (S2)

Business News

From: Rakuten

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