FBMKLCI is sideway today and not much changes from yesterday. It closed marginally higher at 1304.47 (+1.34, +0.1%). The overall market’s trend is considers as mixed today as there are 296 up counters and 277 down counters with the market total traded volume decreased to 516 MIL shares. The volume still below 40 days VMA but this is considered okay during market consolidation.
Today’s FBMKLCI top 5 gainers components are HLBANK, HLFG, AMMB, TANJONG and MMCCORP. The top 5 lagging components are GENTING, PETDAG, BJTOTO, PBBANK and CIMB.
Summary
Most of the indicators indicate FBMKLCI is consolidation with slightly bullish biased. The nearest possible resistance level for FBMKLCI is 1308 and 1320. The nearest possible support level is 1302 and 1290.
