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)
Read more Business News
Leave a Reply
You must be logged in to post a comment.