A shift of funds from US equities to Asian markets is expected

The FBM KLCI closed higher above 1,590, supported by the return of foreign funds amid positive regional performances.

US equities

A shift of funds from US equities to Asian markets is expected due to a better risk/reward ratio. The index is anticipated to trade within the 1,590-1,600 range today.

Technical View

SUNCON (5263):

• Resistance Levels: RM4.70 (R1), RM5.18 (R2)

• Support Levels: RM4.17 (S1), RM3.74 (S2)

Technical Play (US) – Nextera Energy Inc (NEE):

• BUY with an 18.7% potential upside and positive indicators.

• Resistance Levels: USD74.10 (R1), USD80.10 (R2)

• Support Levels: USD69.70 (S1), USD66.80 (S2)

Read more Business News

Staff Writer

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