The local stock market is expected to trade within a range this week due to a lack of fresh catalysts, with global sentiment remaining fragile amid escalating trade tensions as Trump imposes tariffs on Mexico, Canada, and China. Investors may adopt a cautious approach, focusing on key economic data releases, including PMI figures from major economies and the US jobs report.
Sector Outlook: Bargain hunting
Bargain hunting may continue in Utilities and Construction following a prior sell-off, while hospital operators and REITs could attract defensive buying amid market volatility.
Technical Outlook: The FBM KLCI rebounded with a bullish candle after a four-day losing streak, though technical indicators remain weak. Key resistance is at 1,600, with support around 1,530.
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