Recent sell-off presents an opportunity for investors

The FBM KLCI continued its decline, closing just above the key 1,600 psychological support level.

With the benchmark index trading at a valuation of 15x PER, well below its historical average of 18x, the recent sell-off presents an opportunity for investors to engage in bargain hunting.

Investors ready?

The index is expected to trend within the 1,600-1,610 range for the day.

Technical View on SPSETIA (8664):

• Entry Level: RM1.42-RM1.46

• Resistance Levels: RM1.60 (R1), RM1.80 (R2)

• Support Levels: RM1.40 (S1), RM1.30 (S2)

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