The index failed to maintain its strong opening due to persistent selling pressure, primarily from foreign funds.

Net outflow: RM1.45 billion since the start of 2025.

Selling pressure

Selling could be tied to uncertainty around Trump’s return.

The index is expected to trade within the 1,550-1,560 range today.

Technical View

ARMADA (5210)

Resistance levels: RM0.685 (R1), RM0.72 (R2).

Support levels: RM0.62 (S1), RM0.60 (S2).

The stock is positioned near key levels, warranting close monitoring for potential price movements.

Read more Business News

Staff Writer

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