Photo by Pixabay on Pexels.com
This week, the local bourse may adopt a cautious stance, with risks centered on US trade policy. However, improving sentiment and foreign fund inflows could support bargain hunting and rotational play. Data centre-related stocks in Malaysia may continue to gain traction after previous losses, while trading is expected to be subdued ahead of the mid-week festive break.
Construction, Utilities, and Property: Bargain hunting may persist, driven by optimism in data centre stocks.
Plantation: Buying interest could rise, following stronger CPO prices due to weaker output in Malaysia and Indonesia.
Banking: Renewed interest may emerge amid global market volatility, given its safe-haven appeal.
The index is trending higher, approaching the SMA50 level. Technical indicators remain positive, with the MACD above the Signal Line and RSI above 50. Key resistance is at 1,600, while support is around 1,530.
Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…
Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…
Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…
Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…
The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…
YTL POWER (BUY Maintained, TP:RM3.72) Data centres are gaining traction
This website uses cookies.