KUALA LUMPUR: Hwang DBS Vickers Research said the benchmark FBM KLCI jumped to a new high of 1,483 on Wednesday, Oct 6 since the market rally started in mid-March last year.
However, the KLCI subsequently eased off to close at 1,479.61 (+0.5%), trailing most of its regional peers that saw larger gains such as in the case of Japan (+1.8%), Korea (+1.3%) and Hong Kong (+1.1%).
'Technically, this may suggest that our Malaysian bourse could be treading inside a small trading range with a slight downward bias today. The FBM KLCI's immediate support and resistance levels currently stand at 1,465 and 1,490, respectively,' it said on Thursday, Oct 7.
Wall Street gave a mixed performance last night as its bellwethers ended between -0.8% and +0.2% at the closing bell amid a lack of new developments.
Hwang DBS Vickers Research said it would likely be the same back home in terms of news flows with just the international reserves data as at Sept 30 is due for release later Thursday evening.
However, the KLCI subsequently eased off to close at 1,479.61 (+0.5%), trailing most of its regional peers that saw larger gains such as in the case of Japan (+1.8%), Korea (+1.3%) and Hong Kong (+1.1%).
'Technically, this may suggest that our Malaysian bourse could be treading inside a small trading range with a slight downward bias today. The FBM KLCI's immediate support and resistance levels currently stand at 1,465 and 1,490, respectively,' it said on Thursday, Oct 7.
Wall Street gave a mixed performance last night as its bellwethers ended between -0.8% and +0.2% at the closing bell amid a lack of new developments.
Hwang DBS Vickers Research said it would likely be the same back home in terms of news flows with just the international reserves data as at Sept 30 is due for release later Thursday evening.
No comments:
Post a Comment