Despite the FBM KLCI rebounding above 1,600, the overall trend remains bearish due to ongoing geopolitical uncertainties. Lower liners may remain volatile in the absence of fresh catalysts.
Globally, attention is on the EU inflation data release, while locally, the quarterly earnings season is in focus. The outlook for commodities-related stocks, especially in aluminium and copper manufacturing and trading, is positive due to reduced Chinese exports.
Bargain hunting in the Energy sector may pick up following crude oil price recovery.
Read more Business News
Leave a Reply
You must be logged in to post a comment.