REVIEW: The rebound that started on April 19 appeared to have taken root as the FBM KLCI forged ahead towards the crucial resistance of 1,640. Just as the FBM KLCI has missed the regional rally in recent weeks, it started the week on a rally despite the souring in Chinese equities. Served with a weak performance in US markets overnight due to disappointing earnings, the FBM KLCI fell 2.33 points to 1,635.68 on Thursday. The FBM KLCI eked out a slight gain of 2.7 points to 1,638.38. At current levels, the FBM KLCI can seek support at 1,626 while sharper selling will see it fall towards the 1,609 mark.

Source: The Star April 27, 2019 02:37 UTC