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

Recent Posts

Sunreef Yachts and Brabus Unveil The Brabus Ultima 55

A signature BRABUS carbon-fiber design concept defines the exterior, complemented by elegant BRABUS Masterpiece interiors…

2 hours ago

Formula One Return To Bring Revenue Boost

Sepang to host 2026 Bahrain Grand Prix, boosting tourism and business, with Bahrain covering hosting…

4 hours ago

United Asiapac Energy Prices IPO at 35 Sen, Eyes RM48.7m Raise

United Asiapac Energy sets IPO at 35 sen, raising RM48.7m to expand well intervention services…

4 hours ago

Malaysia Edges Closer to High-Income Status

Malaysia nears high-income threshold, focuses on productivity, skills, and fiscal reforms under OECD survey and…

4 hours ago

NESCAFÉ Breaks Record with 4,000 Cups Served in an Hour

NESCAFÉ sets record with 4,000 iced coffees in an hour, celebrating Malaysia’s evolving coffee culture…

4 hours ago

Crude oil price dip eases inflation concerns

Easing crude oil prices, which have slipped below US$89 per barrel, helping to ease inflation…

11 hours ago

This website uses cookies.