Market Wrap local and foreign markets
The FBM KLCI slipped toward the 1,680 mark, pressured by late foreign fund selling and weak regional performance. Analysts, however, believe local equities are attractive for accumulation at current levels and encourage selective bargain hunting. For today, the benchmark index is expected to hover within the 1,680–1,690 range, supported by cautious optimism amid ongoing geopolitical uncertainty
Wall Street closed higher overnight as traders grew optimistic that the US-Iran conflict may ease despite President Trump’s latest warning to destroy Iranian infrastructure. Brent crude prices remained elevated at USD110 per barrel, while the US 10-year Treasury yield edged up to 4.337%. Regional sentiment was muted, with Hong Kong markets still shut for holiday.
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
Analysts see upside for Greatech as record orders, data centre demand and improving execution support…
Mitrajaya’s earnings outlook remains positive, supported by stronger revenue recognition, data centre projects and steady…
Improving US-Iran negotiations and easing oil prices lifted global sentiment, while investors stayed cautious ahead…
Vietnam's General Secretary To Lam will visit Thailand, Singapore, and the Philippines from May 27…
This website uses cookies.