KUALA LUMPUR, Jan 11 — Continuous buying support in selected financial services counters led by Maybank and Hong Leong Bank lifted Bursa Malaysia to end at its intraday high for the second day running, amid mixed performance on regional bourses, dealers said.
The index opened 1.16 points lower at 1,549.01 and hit a low of 1,546.19 in the early morning session. Rakuten Trade Sdn Bhd vice-president of equity research Thong Pak Leng said the FBM KLCI continued to trend higher due to strong buying interest in banking stocks. “As such, we expect the FBM KLCI to see range-bound trading and hover within the 1,545-1,565 range for the remaining of the week. Technically, the immediate support is unchanged at 1,530 while resistance is at 1,570,” he added.
On the index board, the FBM Emas Index was 56.88 points firmer at 11,287.57, the FBMT 100 Index improved 63.52 points to 10,986.77, the FBM Emas Shariah Index increased 9.73 points to 12,036.37, while the FBM ACE dipped 137.22 points to 6,616.67, and the FBM 70 lost 73.35 points to 14,149.01.
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Source: malaymail - 🏆 1. / 86 Read more »
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