KUALA LUMPUR, Oct 28 — Bursa Malaysia ended lower today on lacklustre trading ahead of the tabling of Budget 2022 tomorrow.
Market breadth was also negative with losers trouncing gainers 624 to 422, while 415 counters were unchanged, 830 untraded, and 58 others suspended. “We expect to see a similar trend with the index hovering within the 1,580-1,590 range amid a cautious trading stance ahead of Budget 2022 announcement tomorrow,” he told Bernama.
“From a technical perspective, the FBM KLCI will see its immediate resistance at 1,600, followed by 1,615 while the immediate support is at 1,560 and then 1,530,” added Thong. On the index board, the FBM Emas Index slid 89.25 points to 11,576.51, the FBMT 100 Index was 93.59 points lower at 11,210.81, the FBM 70 decreased 40.27 points to 15,289.83, the FBM ACE slipped 86.23 points to 7,035.43, and the FBM Emas Shariah Index lost 118.14 points to 12,589.48.
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Source: malaymail - 🏆 1. / 86 Read more »
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