Rebound

KLCI +0.2% at 1372.95 in thin volume, off intraday high of 1382.76 as profit-taking accelerates; market breadth now negative with decliners outpacing gainers 374 to 292, led by declines in technology, finance and select blue-chip stocks. Benchmark index tipped to rebound. This morning's rebound provided the ideal opportunity for short-term investors to capitalize on intraday speculative trades.Profit-taking is likely to persist, however due to oversold condition, a technical rebound is expected.

RANHILL
Rebound toward RM2.00 (resistance level) is expected. Cut loss level at RM1.63

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