The FBM KLCI managed to end in positive territory following a choppy session.
Analysis say whilst market undertone remains rather cautious, they expect trading activities to improve.
“We noticed market undertone remains rather cautious as daily volume trades has dipped to below the 5bn shares level over the last few days.
“Nonetheless, we expect trading activities to improve, taking cue from the robust gains on Wall Street thus see the index to hover between the 1,620-1,630 range today,” they add.
Resistance levels are identified at RM1.22 (R1) and RM1.35 (R2). Support levels are pegged atRM1.09 (S1) and RM1.00 (S2).
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