The FBM KLCI managed to end higher at the 1,580 mark but remains way off this year’s opening at around 1,630 underscoring that the local bourse is a good value proposition.
Tariff move
In addition to this, Trump’s delayed tariff move may offer some optimism to regional markets hence expect prevailing bargain hunting activities to continue and expect the index to hover within the 1,580-1,595 range today.
Technical View
SCGBHD (0225)
- Entry Level: RM 1.17-RM1.24
- Resistance levels are identified at RM1.39 (R1) and RM1.50 (R2). Support levels are pegged at RM1.17 (S1) and RM1.06 (S2).
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