KUALA LUMPUR: Hwang DBS Vickers Research said a technical rebound remains likely for the FBM KLCI following a cumulative loss of 48.1 points or 3.1% since last week.
In its market outlook issued on Wednesday, Jan 26, it said on the chart, the benchmark index may strive to overcome the immediate resistance level of 1,530
On Tuesday, the FBM KLCI unexpectedly fell further yesterday, extending its losing streak to five days in a row. Nevertheless, a technical rebound remains likely following a cumulative loss of 48.1-point or 3.1% since last Monday. On the chart, the benchmark index may strive to overcome the immediate resistance level of 1,530.
Wall Street ended broadly flat last night ahead of an outcome of the U.S. Federal Open Market Committee meeting Wednesday night.
'On the corporate front, Ramunia shares could attract interest today after the company said it has acquired a fabrication yard in Pulau Indah for RM84 million, to be satisfied mainly via the issuance of new Ramunia shares at 51 sen each,' it said.
In its market outlook issued on Wednesday, Jan 26, it said on the chart, the benchmark index may strive to overcome the immediate resistance level of 1,530
On Tuesday, the FBM KLCI unexpectedly fell further yesterday, extending its losing streak to five days in a row. Nevertheless, a technical rebound remains likely following a cumulative loss of 48.1-point or 3.1% since last Monday. On the chart, the benchmark index may strive to overcome the immediate resistance level of 1,530.
Wall Street ended broadly flat last night ahead of an outcome of the U.S. Federal Open Market Committee meeting Wednesday night.
'On the corporate front, Ramunia shares could attract interest today after the company said it has acquired a fabrication yard in Pulau Indah for RM84 million, to be satisfied mainly via the issuance of new Ramunia shares at 51 sen each,' it said.
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