The FBM KLCI closed lower but recovered slightly due to bargain hunting. However, overall market sentiment remained cautious, mirroring weak regional performances.
Volatility in equities
Volatility in equities is rising as funds shift to safe-haven assets like gold, which has surged past USD 2,800/oz. The index is expected to trade between 1,550-1,560, with investors likely staying on the sidelines amid market uncertainties.
Technical View: GENETEC (0104)
• Resistance levels: RM1.60 (R1), RM1.85 (R2)
• Support levels: RM1.36 (S1), RM1.21 (S2)
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