The FBM KLCI closed at 1,669.57 on Jan 8, down 0.43% or 7.26 points (range: 1,666.34-1,674.44), easing from early highs due to profit-taking in blue chips like industrials.
Market outlook: Geopolitical Tensions
Expect cautious trading as investors stay selective with mixed global signals. Key watches: US strategies on Venezuela (post-Maduro capture, oil control) and Greenland (renewed acquisition talks for security/resources), plus Friday’s Supreme Court ruling on Trump’s tariffs (potential $150B refunds, trade volatility). US nonfarm payrolls (Dec est. +60-73K jobs, unemp. 4.5%) loom, signaling Fed rate cuts amid cooling job openings/low layoffs.
Sector Focus
Positive on power-ancillary/renewables (energy transition demand); tech constructive (AI/digitalization) despite profit-taking; favor REITs/defensives in uncertainty.
Technical Outlook
Eased lower; MACD below signal, RSI >50. Resistance: 1,700 (near-term 1,675-1,680); support: 1,640 (near 1,655-1,660).
FBM KLCI dips 0.43% to 1,669.57 on profit-taking, geopolitics weigh.
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