<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 18): Rakuten Trade said Bumi Armada Bhd has been on a steady recovery trend after experiencing a gap down and hitting its year-to-date low of 41.5 sen in June 2023.</p></div>

<div class=newsTextDataWrapInner><p>In a Technical View note on Monday, the research house said Bumi Armada broke out of its resistance of 55 sen with a high buying volume over the past four trading days.</p></div>

<div class=newsTextDataWrapInner><p>Rakuten said Brent crude is currently hovering around US$94 (RM440.06) per barrel due to tight supplies.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Fundamentally, BAB (Bumi Armada) has entered into a partnership to commercialise liquefied natural gas (LNG) from Indonesia's Madura gas field.</p></div>

<div class=newsTextDataWrapInner><p>“Its MA50 and MA20 lines are poised for a potential crossover thus share price is expected to propel higher.</p></div>

<div class=newsTextDataWrapInner><p>“Resistance levels are identified at 56 sen (R1) and 57.5 sen (R2).</p></div>

<div class=newsTextDataWrapInner><p>“On the flipside, support levels are pegged at 51 sen (S1) and 49 sen (S2),” it said.</p></div>

<div class="mt-4 embed-left"><a class="mobx embedimg-icon imgw-400" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pics/2023/surin-bumi-armada-story-18092023.png"><img alt="" src="https://assets.theedgemarkets.com/pics/2023/surin-bumi-armada-story-18092023.png" /></a></div>


Rakuten Trade said Bumi Armada Bhd has been on a steady recovery trend after experiencing a gap down and hitting its year-to-date low of 41.5 sen in June 2023.

In a Technical View note on Monday, the research house said Bumi Armada broke out of its resistance of 55 sen with a high buying volume over the past four trading days.

Bumi Armada on a steady recovery trend, says Rakuten

KUALA LUMPUR (Nov 19): The operations and obligations of the National Farmers Organisation (Nafas) to any third party remain unaffected, despite the suspension of its constitution effective Nov 1.

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Japan’s ruling party named Daishiro Yamagiwa as the new chairman of its group that promotes semiconductors, as it sets up a new mechanism to boost funding for the key industry.

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Beijing and Shanghai have announced tax breaks to spur home purchases as distress in the property sector continues to drag on growth in the world's second-largest economy.

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The Ministry of Health (MOH) will no longer award pharmaceutical procurement contracts to just one company, in order to ensure a secure and stable supply of medication in the country.

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<p>Donald Trump's social media company is in advanced talks to buy crypto trading firm Bakkt, the <i>Financial Times</i> reported on Monday, citing two people with knowledge of the talks.</p>


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<p>The transformation of the Armed Forces Fund Board (LTAT) must begin immediately as a prolonged suspension of the pension fund's activities risks liquidation of its assets, according to a report by the Public Accounts Committee.</p>


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<p>PUTRAJAYA (Nov 19): Imprisoned former prime minister Datuk Seri Najib Razak’s appeal of his RM1.9 million malfeasance in public office suit against former attorney general (AG) Tan Sri Tommy Thomas has been vacated yet again.</p>


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<p>Top Justice Department antitrust officials have decided to ask a judge to force Alphabet Inc’s Google to sell off its Chrome browser in what would be a historic crackdown on one of the world’s biggest tech companies.</p>


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<p>The United States of America has elected Donald Trump as its 47th president, and the rest of the world can do nothing about it.</p>

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