KUALA LUMPUR: The FBM KLCI held steady in early trade Thursday despite a weaker session on Wall Street overnight.
Inter-Pacific Research Sdn Bhd said yesterday’s upsides were welcomed as it allowed the key index to break its downward streak as well as to recapture a critical market support level. “Despite the lingering uncertainties and quick profit taking emerging, the downsides could be measured as there could still be mild bargain hunting on some of the recently beaten-down stocks and this could provide some support to the key index.
“The other support is at the 200-day moving average line, while the hurdles are at 1,445 points and the psychological 1,450 level,” Inter-Pacific said.
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