GDP Forecast Revised Upward Malaysia
The FBM KLCI staged a notable rebound, surging past the 1,710 mark as foreign funds returned after several days of net outflows.
The renewed inflows underscore investor confidence in Malaysia’s relative resilience within the region, particularly against the backdrop of persistently high crude oil prices.
Market observers continue to view Malaysia as better insulated from external shocks, lending support to the benchmark index. For today, the FBM KLCI is anticipated to hover within the 1,700–1,720 range, reflecting cautious optimism amid global uncertainties.
🔎 Technical View: TAANN (5012)
The stock is currently consolidating near its support levels, with potential upside capped at RM5.20 in the near term.
A decisive break above R1 could pave the way toward RM5.50, while failure to hold above RM4.95 may expose it to further downside risk.
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Nonetheless, it is highly expected that an intermittent correction may emerge anytime soon
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