Titan Trading Notes For Thursday [27/3/2025]:

KLCI had a decent rebound back towards the 1518 points region with an overall mixed market sentiment as we still saw almost 430 counters closing red for the day. Daily trading volume settled around the 3.1 billion mark, which is still average for now.

Main stocks that showed strong buying momentum would be the likes of PBBANK, DENGKIL, CIMB, AXIATA, LSH, PECCA, TANCO, MAHSING, ASTRO, and RHBBANK. All of which were able to sustain their rallies throughout the day on the top volumes list despite the mixed market sentiment.

$AXIATA / 6888 (AXIATA GROUP BERHAD) been taking a huge hit over the past few months, been retracing all the way back towards the RM 1.70+ major support levels, and recently was able to breakout back towards the RM 1.90+ regions today with good volume.

Seems to have formed its dip regions here already and if able to sustain above its RM 1.82+ immediate support levels, could continue to rebound back towards the RM 1.90 - RM 2+ resistance levels soon in the coming weeks here.

Will be monitoring AXIATA closely.

$CTOS / 5301 (CTOS DIGITAL BERHAD) since retracing all the way back towards its RM 1.05+ major weekly support levels, been able to recover quite well over the past week here, breaking out back towards the RM 1.17 regions today with good volume.

Seems to have reached its long term support levels here already and if able to sustain above its RM 1.13+ support, could trend back up towards the RM 1.20 - RM 1.28+ resistance levels in the coming weeks here.

Will be monitoring CTOS closely.

Overall market sentiment remains weak with relatively low volume. Foreign funds continue to sell heavily with only local institutions mopping up shares. Retail participation is at a 10 year low...

In such scenarios, most likely the market will consolidate until we see positive news coming back to stimulate the market, bringing back foreign funds and stimulating retail participation.