Asia

Markets & Investing

Staff Reporter

, Malaysia

Published:

11 years ago

Malaysian bourse trades above interim 1620 support

It still looks fairly supported despite some pressure from profit-taking activities in recent sessions, says OCBC.

OCBC Treasury Research noted:

Overnight rally in global markets is likely to prop up the KLCI as we approach the weekend. As it is, the local bourse has continued to trade above the interim 1620 support, and still looks fairly supported despite some pressure from profit-taking activities in recent sessions. Expect the 1620-1650 range to persist for now.

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