KUALA LUMPUR: CIMB Equities Research said the FBMKLCI hovered in the negative territory throughout the day on Tuesday, April 27 but losses were narrowed at day’s end on late buying support.
It said on Wednesday the benchmark continues to struggle near the 1,340 level. Traders should remain cautious as prices would likely stay volatile in the near term, until the March 2008 gap of 1,344-1,354 is filled.
“For now, there is a minor resistance at 1,343, while further gains would be capped at 1,360 next. Looking at the chart, we still cannot totally eliminate the short term negative view on the index but selling should be well-contained unless the 1,320 support is breached,” it said
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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