Photo by Zlaťáky.cz on Pexels.com
The FBM KLCI is expected to continue trading sideways as investors remain cautious amid geopolitical uncertainties. Any recovery may be limited due to profit-taking and foreign fund outflows. Market movements are closely tied to US policy developments, while lower liners may follow the weak sentiment of the main bourse.
BNM’s decision to maintain the OPR at 3% was anticipated, as policymakers adopt a wait-and-see approach. Investors are also monitoring key economic data, including the US unemployment rate and EU’s 4Q 2024 GDP estimate.
Sector Outlook: A defensive strategy is recommended, with safe-haven assets like gold attracting interest. Companies benefiting from global supply chain diversification and export-oriented players may gain from the strong US Dollar.
Technical Outlook: The FBM KLCI formed a bearish engulfing candle, signaling a potential pullback. Indicators remain weak, with MACD turning negative and RSI below 50. Resistance is at 1,600, while support is around 1,550. – Apex
A signature BRABUS carbon-fiber design concept defines the exterior, complemented by elegant BRABUS Masterpiece interiors…
Sepang to host 2026 Bahrain Grand Prix, boosting tourism and business, with Bahrain covering hosting…
United Asiapac Energy sets IPO at 35 sen, raising RM48.7m to expand well intervention services…
Malaysia nears high-income threshold, focuses on productivity, skills, and fiscal reforms under OECD survey and…
NESCAFÉ sets record with 4,000 iced coffees in an hour, celebrating Malaysia’s evolving coffee culture…
Easing crude oil prices, which have slipped below US$89 per barrel, helping to ease inflation…
This website uses cookies.