<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 16): AllianceDBS Research said FGV Holdings Bhd (FGV) had on Jan 15 traded higher to settle at the day’s high of 93 sen (up 11 sen or 13.4%).</p></div>

<div class=newsTextDataWrapInner><p>In its evening edition Jan 15, the research house said FGV continued to trade between the 20-day (blue) and 50-day (red) moving average lines.</p></div>

<div class=newsTextDataWrapInner><p>“Following the up close on Jan 15, the stock is likely to move higher again with immediate hurdle at 94 sen.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“A crossover of 94 sen should see further price rise to the next overhead resistance at RM1.00.</p></div>

<div class=newsTextDataWrapInner><p>“The support is pegged at 81.5 sen. A fall below 81.5 sen would put pressure on the stock down to the subsequent support zone, 77 sen – 78 sen,” it said.</p></div>

<div class=newsTextDataWrapInner><p>AllianceDBS Research said stock volume traded on Jan 15 was 65.1 m shares compared to the 3-month average volume of 14.5 m shares.</p></div>


KUALA LUMPUR (Jan 16): AllianceDBS Research said FGV Holdings Bhd (FGV) had on Jan 15 traded higher to settle at the day’s high of 93 sen (up 11 sen or 13.4%).

In its evening edition Jan 15, the research house said FGV continued to trade between the 20-day (blue) and 50-day (red) moving...

Immediate hurdle for FGV at 94 sen, says AllianceDBS Research 

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<p>Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;</p>


<p>RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.</p>


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<p>The recent attack by Iran on Israel represents a dangerous expansion of the Israel–Hamas war and raises the risk of a sharp escalation of the conflict, according to S&amp;P Global Ratings.</p>


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<p>The ringgit opened lower against the US dollar for the second consecutive day on Tuesday as the greenback strengthened following robust US retail sales data for March, said an analyst.</p>


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<p>Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies.</p>


<p>Bursa Malaysia opened lower on Tuesday, taking a cue from the negative developments on Wall Street overnight due to escalating tensions in the Middle East, coupled with persistent inflation in the US as indicated by stronger-than-expected March retail sales.</p>
