Photo From Suria KLCC
Wall Street experienced volatile overnight trading, with an initial rally giving way to a sharp decline due to renewed fears over US-China trade tariffs.
This cautious sentiment is expected to influence the FBM KLCI, which is likely to open on a subdued note as investors may lock in gains from the previous session. Concerns about global economic growth persist, and lower-tier stocks are anticipated to lose some of their recent gains. Investors are adopting a wait-and-see approach, awaiting the release of the FOMC minutes tonight for insights into the future direction of US interest rates.
Sector-wise, industries tied to global trade and technology could face heightened pressure, while domestic-focused sectors may show more resilience, though not fully immune to the negative mood. REITs, Utilities, and Healthcare sectors are expected to offer relative stability for risk mitigation.
On the technical front, the FBM KLCI remains stable but distant from the 1,500 level, with negative indicators like the MACD below the signal line and RSI in oversold territory, suggesting potential near-term volatility. Resistance is at 1,500, with support around 1,420.
Disney plans to lay off 1,000 employees as part of Project Imagine, focusing on cost…
Iran threatens to quit truce over Israeli strikes in Lebanon, closing Strait of Hormuz and…
Malaysia's tourism faces challenges due to conflict-related disruptions, prompting industry shifts towards budget options and…
Malaysia's Islamic banking sector exhibits resilience and growth, driven by strong fundamentals and rising demand…
The recent US-Iran ceasefire eases oil price panic but doesn’t fully normalize market conditions, revealing…
University of London introduces flexible online postgraduate microcredentials in Malaysia, offering stackable pathways for professionals…
This website uses cookies.