KUALA LUMPUR: Trading remained range-bound as caution stayed elevated with no sign of progress in the Middle East peace talks, while attention swung to US President Donald Trump's summit meeting with his counterpart in China, which could yield new developments given the latter's ties with Iran.
According to TA Securities, the developments from the high-stakes meeting could set the tone for regional markets and shape exectations for global trade and economic prospects.
"Immediate support for the index will be at the 1,700 psychological level, with stronger support coming from the March 2026 low (1,664), followed by the 76.4%FR (1,610).
"Meanwhile, immediate resistance stays at the 138.2%FP (1,805), with tougher upside hurdles at the 150%FP (1,842) and 161.8%FP (1,879) ahead," it said in its technical outlook.
At 9.05am, the FBM KLCI lay flat against the previous day's close at 1,750.56, as investors showed little appetite for trading amid the absence of clarity.
There was some mild profit-taking in certain blue chips, including Telekom Malaysia down seven sen to RM7.62, Tenaga Nasional falling six sne to RM14.72 and MR DIY shedding three sen to RM1.60.
Of actives, GIIB rose 4.5 sen to 25 sen, Kronoogu gained one sen to 14 sen and Genetec was up one sen to 37 sen.
