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The local bourse saw profit-taking activities after three consecutive days of gains, as investors secured profits ahead of the extended Hari Raya break.
The FBM KLCI is expected to attempt holding above the 1,500 psychological level, though sentiment remains cautious due to the upcoming US reciprocal tariff implementation. Lower liners may consolidate amid a lack of fresh catalysts.
Likely to gain from rising CPO prices.
• Technology: May benefit from Nasdaq’s overnight recovery.
Technical Outlook:
• Resistance: 1,550
• Support: 1,500
• Range: 1,480–1,530
• Indicators are mixed, suggesting potential consolidation.
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