KUALA LUMPUR, March 30 ― Bursa Malaysia is expected to be on cautious sentiment next week with the FTSE Bursa Malaysia KLCI (FBM KLCI) likely to remain stable until new...
On a Friday-to-Friday basis, the FBM KLCI eased 6.32 points to 1,536.07 from last week’s 1,542.39. — Picture by Zuraneeza ZulkifliKUALA LUMPUR, March 30 ― Bursa Malaysia is expected to be on cautious sentiment next week with the FTSE Bursa Malaysia KLCI likely to remain stable until new catalysts emerge.
“As such, we maintain our view that the benchmark index is still consolidating with a slight positive bias, with expectations of it hovering around the 20-day EMA,” he said.Thong believes this consolidation will continue for a while longer, with support levels observed in the range of 1,525-1,531, followed by critical support at 1,520 and then 1,508.On the index board, the FBM Emas Index increased 16.49 points to 11,571.59, the FBM 70 Index surged 263.38 points to 16,234.
The Main Market volume shrank to 8.85 billion shares worth RM10.06 billion from 13.10 billion shares worth RM12.35 billion a week ago.
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