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)
Saudi Arabia weighs price war or stability after UAE exit from OPEC+, with Malaysia’s O&G…
Advancecon Holdings has secured a RM48 million contract for infrastructure work in Johor, signaling strong…
UAE exit from OPEC+ and USD100 oil boost Malaysia’s energy outlook; Dialog and Hibiscus seen…
Malaysia benefits from high oil prices, but faces inflation and logistical risks due to the…
ASEAN manufacturing PMI falls to six-month low as Middle East war drives price pressures, supply…
FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and…
This website uses cookies.