According to TA Securities Research, the broader local market should stay depressed amid concerns over the potential for a prolonged high interest rate cycle and inflation regime globally.
Meanwhile, investors are awaiting more key economic data such as the US's and China's purchasing managers' indices this week."Significant overhead resistance is at 1,500, then 1,512, with the last August high near 1,528 as stronger resistance, followed by 1,550 and 1,570 as tougher upside hurdles," the research firm said in its technical outlook.
In early trading, CIMB was down two sen to RM5.59, IHH fel five sen to RM5.74 and Hong Leong Bank rose two sen to RM20.56.Time dotcom climbed nine sen to RM5.44 whiledropped two se nto 18 sen and Capital A rose three sen to 72 sen.
Source: Digital Coin News (digitalcoinnews.net)
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