Malaysia EV Cars Debate: Benefits and Drawbacks Explained - AI generated image
The FBM KLCI has stabilized above 1,570 and is advancing towards 1,600, supported by recent bullish momentum. While the broader market remains optimistic, foreign investors are expected to remain net sellers due to caution over emerging markets. Lower liners may consolidate after recent rallies. Bank Negara Malaysia (BNM) is expected to maintain the OPR at 3% as inflation data is awaited.
Sector-wise, the automotive sector faces selling pressure as TIV normalizes to a projected three-year low of 780k units for CY25. Weakness is also anticipated in the oil and gas sector, following crude oil retracement and Trump’s declaration of a national energy emergency. Technically, indicators remain negative, with resistance at 1,600 and support at 1,530.
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