<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 4): RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Thursday, the research house said that if a breakout occurs, the stock will likely advance towards the 52-week high level at the 29 sen resistance, followed by 35.5 sen, its highest level since April 1, 2021.</p></div>

<div class=newsTextDataWrapInner><p>“Conversely, a drop below the 23.5 sen support would invalidate the bullish setup, falling below the 21-day SMA line,” it said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

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RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume.

Avaland eyeing for technical breakout, says RHB Retail Research

Opec+ agreed on Sunday to prolong its deep oil output cuts in 2024 and was discussing extending them into 2025, Opec+ sources said as the group seeks to shore up the market amid tepid global demand growth, high interest rates and rising rival US production.

Opec+ extends deep oil production cuts into 2025

Asian share markets rose on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.

Asian shares rally on hopes for more rate cuts this week

Sime Darby Property’s strong emphasis on urban biodiversity highlights its dedication to implementing nature-based solutions to enhance flora and fauna. These efforts are crucial for community resilience, safeguarding future communities and ecosystems, and enriching the quality of life for all. As a proponent of urban biodiversity, the Group is committed to preserving, regenerating, and strengthening healthy ecosystems across its townships and developments.

Championing Urban Biodiversity for People and the Planet

Whichever political party wins the UK general election on July 4, a massive debt hangover is in store, severely limiting what the poll-leading Labour Party or governing Conservatives can do in office.

UK debt hangover ties next government’s hands, whoever wins

Companies sold a record volume of leveraged loans last month, taking advantage of the cash chasing credit. A glance at recovery rates for defaults, however, highlights a growing risk in this debt.

Loan frenzy masks rising losses on defaults

Saudi Aramco’s US$12 billion (RM56.5 billion) share sale sold out shortly after the deal opened on Sunday, in a boon to the government that’s seeking funds to help pay for a massive economic transformation plan.

Saudi Aramco’s US$12b stock offer sells out in hours

Telecommunications companies (telcos) involved in the implementation of the dual network 5G model are ready to sign an agreement to take up equity in Digital Nasional Berhad (DNB), said Communications Minister Fahmi Fadzil.

Fahmi: Telcos ready to ink share subscription agreement with DNB for 5G dual network model

An aide to Prime Minister Benjamin Netanyahu confirmed on Sunday that Israel had accepted a framework deal for winding down the Gaza war now being advanced by US President Joe Biden, though he described it as flawed and in need of much more work.

Netanyahu aide: Biden's Gaza plan 'not a good deal' but Israel accepts it

NIBONG TEBAL (June 2): Penang PKR has suggested the names of five party members for the consideration of president Datuk Seri Anwar Ibrahim as its candidate for the Sungai Bakap by-election.

Penang PKR state leadership council deputy chairman Datuk Mohamad Abdul Hamid said the names of ...

Penang PKR proposes five potential candidates for Sungai Bakap poll 

Rolex SA raised prices for some of its precious metal watches in the UK by 4% after the price of gold surged to record highs.

Rolex hikes watch prices in UK as gold costs soar to new highs

<p>Asian share markets rose on Monday as investors looked forward to a rate cut in Europe, and quite possibly Canada, as the next step in global policy easing, though sticky inflation threatens to make the process a drawn out affair.</p>


<p>Sime Darby Property’s strong emphasis on urban biodiversity highlights its dedication to implementing nature-based solutions to enhance flora and fauna. These efforts are crucial for community resilience, safeguarding future communities and ecosystems, and enriching the quality of life for all. As a proponent of urban biodiversity, the Group is committed to preserving, regenerating, and strengthening healthy ecosystems across its townships and developments.</p>
