KUALA LUMPUR (Oct 6): AllianceDBS Research said the immediate support for Tenaga Nasional Bhd (Tenaga) was at RM14.28 and that Tenaga had on Oct 5 traded higher to RM14.38 before closing unchanged at RM14.34. In its evening edition yesterday, the research house said Tenaga continued to stay below the 20-day and 50-day moving average lines. “Given the recent share price behaviour, the stock is likely to move between RM14.28 and RM14.60 in the coming few days. “However, a fall below RM14.28 would put pressure on the stock down to the subsequent support zone, RM14.00 – RM14.10,” it said. AllianceDBS Research said stock volume traded on Oct 5 was 13.1 million shares compared to the 3-month average volume of 9.42 million shares.

Source: The Edge Markets October 05, 2016 22:18 UTC