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Analyst Report

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

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.

By · February 24, 2025 · 1 min read

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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)

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

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