KUALA LUMPUR: Tenaga resumed its upward trend in mid-morning trade on Thursday, May 26, shrugging off its previous day's losses in the absence of fresh news if it would get a tariff hike.
Its gains partly provided the boost to the FBM KLCI, which rose 8.67 points to 1,542.24. Turnover was 247.67 million shares done valued at RM268.07 million. There were 303 gainers, 146 losers and 266 stocks unchanged.
OSK Research said in its market outlook that for now, it was maintaining its near-term bullish view. The FBM KLCI will be in a safe position as long as it is trading above the 1,474-level.
'Immediate support is still situated at the 1,517 level followed by the 1,507 to 1,515 area and the 1,500 psychological mark. To the upside, continue looking for immediate resistance at the 1,544 level, followed by the 1,551 level and the 1,565 level,' it said.
Petronas Dagangan rose the most, up 70 sen to RM16.36, KLK 32 sen to RM21.82, F&N 30 sen to RM19.66, Batu Kawan 26 sen to RM16.48 while Tenaga added 17 sen to RM6.33 and PPB 14 sen to RM17.54.
Its gains partly provided the boost to the FBM KLCI, which rose 8.67 points to 1,542.24. Turnover was 247.67 million shares done valued at RM268.07 million. There were 303 gainers, 146 losers and 266 stocks unchanged.
OSK Research said in its market outlook that for now, it was maintaining its near-term bullish view. The FBM KLCI will be in a safe position as long as it is trading above the 1,474-level.
'Immediate support is still situated at the 1,517 level followed by the 1,507 to 1,515 area and the 1,500 psychological mark. To the upside, continue looking for immediate resistance at the 1,544 level, followed by the 1,551 level and the 1,565 level,' it said.
Petronas Dagangan rose the most, up 70 sen to RM16.36, KLK 32 sen to RM21.82, F&N 30 sen to RM19.66, Batu Kawan 26 sen to RM16.48 while Tenaga added 17 sen to RM6.33 and PPB 14 sen to RM17.54.
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