<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 9): RHB Retail Research said Ahmad Zaki Resources Bhd (AZRB) is set to trend higher after accelerating its bullish momentum above the recent breakout level of 24.5 sen with strong volume on Monday.</p></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note on Tuesday, the research house said that riding above the 21-day simple moving average (SMA) line, the stock may climb higher towards the 29 sen resistance, namely the 52-week high, followed by the 33 sen next resistance level — the high on&nbsp;Dec 30, 2020.</p></div>

<div class=newsTextDataWrapInner><p>“However, a fall below the 23 sen support increases the risk of a reversal towards a downtrend, particularly if it falls below the SMA line”, the house said.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://theedgemalaysia.com/node/706595" target="_blank">AZRB surges to six-month high after bagging RM316m Pahang palace works</a><br />
<a href="https://theedgemalaysia.com/node/706544" target="_blank">AZRB bags RM316m contract for Istana Abu Bakar renovation&nbsp;</a></em></p></div>


RHB Retail Research said Ahmad Zaki Resources Bhd (AZRB) is set to trend higher after accelerating its bullish momentum above the recent breakout level of 24.5 sen with strong volume on Monday.

AZRB set to trend higher, says RHB Retail Research

China's manufacturing activity in May grew at the fastest pace in about two years with strong production and new orders, a private sector survey showed on Monday, indicating the sector remains robust amid supportive industrial policies.

China's manufacturing surges, Caixin PMI shows, but global risks grow

China accused the European Union (EU) of working to “suppress” Chinese companies and said it will take action to safeguard its interests, as the bloc moves closer to imposing tariffs on Chinese electric vehicles (EVs).

China steps up warning to EU days before tariff decision

Indian shares surged to record highs on Monday, after exit polls over the weekend projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections.

India's blue chips hit record highs on hopes of third term for Modi

The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off.

Key engines of US consumer spending are losing steam all at once

Prime Minister Datuk Seri Anwar Ibrahim has extended his highest congratulations to His Majesty Sultan Ibrahim, King of Malaysia, in conjunction with Sultan Ibrahim's official birthday on Monday.

Anwar congratulates King on his birthday

It is exciting to see more digital wealth and investment solutions in the market these days. The more interesting ones include stock trading app Moomoo and the GXBank app. Meanwhile, Versa, with its clean and intuitive interface, is another worthy option.

Interlude: Apps that are worth trying in 2024

Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a weak yen raised the cost of imported items for some producers.

Japan's May factory activity expands for first time in a year, PMI shows

Price cuts and new models helped Chinese electric vehicle (EV) makers, including BYD Co and Nio Inc, continue to grow sales in May even as the overall market for passenger cars is expected to see deliveries shrink, industry data showed.

Chinese EV makers defy industry slump as price cuts boost sales

Asian share markets rallied 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.

Asia shares rally on promise of rate relief, factory pick up

The International Air Transport Association (IATA) announced that its projection for sustainable aviation fuels (SAF) to triple to reach 1.9 billion litres (1.5 million tonnes) in 2024 is on track.

Sustainable aviation fuel production on track to triple in 2024 — IATA

<p>Asian share markets rallied 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>China accused the European Union (EU) of working to “suppress” Chinese companies and said it will take action to safeguard its interests, as the bloc moves closer to imposing tariffs on Chinese electric vehicles (EVs).</p>


<p>China's manufacturing activity in May grew at the fastest pace in about two years with strong production and new orders, a private sector survey showed on Monday, indicating the sector remains robust amid supportive industrial policies.</p>


<p>Australia’s red meat exports are setting records, buoyed by surging demand for beef and sheep in Asian emerging markets, according to Agriculture Minister Murray Watt.</p>


Southeast Asia buying record amounts of Australia meat, says minister

<p>Price cuts and new models helped Chinese electric vehicle (EV) makers, including BYD Co and Nio Inc, continue to grow sales in May even as the overall market for passenger cars is expected to see deliveries shrink, industry data showed.</p>


<p>Japanese companies trimmed capital investment in the first quarter, a result that likely indicates revised data due next week will continue to show the economy contracted in the period.</p>


Japan’s firms trim spending, reflecting headwinds to growth

<p>The main drivers behind the remarkably resilient American consumer are losing steam at the same time, suggesting a recent pullback in household demand may be more than just a one-off.</p>


<p>Indian shares surged to record highs on Monday, after exit polls over the weekend projected a third term for Prime Minister Narendra Modi's government in the recently concluded general elections.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has extended his highest congratulations to His Majesty Sultan Ibrahim, King of Malaysia, in conjunction with Sultan Ibrahim's official birthday on Monday.</p>


<p>The International Air Transport Association (IATA) announced that its projection for sustainable aviation fuels (SAF) to triple to reach 1.9 billion litres (1.5 million tonnes) in 2024 is on track.</p>


<p>It is exciting to see more digital wealth and investment solutions in the market these days. The more interesting ones include stock trading app Moomoo and the GXBank app. Meanwhile, Versa, with its clean and intuitive interface, is another worthy option.</p>

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<p>Japan's factory activity expanded for the first time in a year in May, a private-sector survey showed on Monday, but overall growth was modest and demand was still subdued while a weak yen raised the cost of imported items for some producers.</p>
