The FBM KLCI’s erratic performance persisted, closing below the 1,575 level, likely due to foreign selling pressure. Hopes for a Chinese New Year rally appear diminished.
Meanwhile, Moody’s reaffirmation of Malaysia’s “A3” sovereign credit rating highlights the country’s stable, investable status. The index is expected to trade within the 1,570-1,580 range today.
Technical View (SPRITZER – 7103):
• Resistance Levels: RM3.15 (R1), RM3.26 (R2)
• Support Levels: RM3.00 (S1), RM2.87 (S2)
Historical analysis shows World Cup tournaments have limited influence on FBM KLCI performance, with macroeconomic…
The prolonged US-Iran conflict has turned into a drawn-out war of attrition, far exceeding the…
Malaysia’s palm oil inventories in May topped market expectation of 2.4m mt, as buyers switched…
Healthcare, energy, AI, and defense spending are approaching $25 trillion in 2026, creating a powerful…
Brrandom On its third anniversary, the AI-native marketing technology company launches six transformative AI practices,…
Forest City’s Special Financial Zone (SFZ) could exceed its RM2 billion investment target this year,…
This website uses cookies.