Cautious Global Sentiment Weighs on FBM KLCI; Energy Transition Sectors Remain in Focus

Global markets remain cautious amid slowing economic concerns, with investors eyeing July inflation for Fed policy cues. While a rate cut is mostly priced in, sticky inflation and strong consumer spending may limit easing. The FBM KLCI is expected to track Wall Street’s weakness, pressured by global headwinds, though domestic corporate earnings draw attention. Analysts favor selective buying in domestic power ancillary and renewable energy sectors, supported by data centre growth and the energy transition. Technically, the index stays above SMA200 with resistance at 1,580–1,600 and support at 1,540.

Energy

Business News

Staff Writer

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