FBM KLCI likely to stay positive, supported by a steady economy

The FBM KLCI is likely to stay positive, supported by a steady economy, continued buying by big investors, and interest in strong, well-performing large companies.

The FBM KLCI is expected to retain a constructive bias, underpinned by stable macroeconomic conditions, firm institutional participation and selective accumulation of large-cap stocks with clearer earnings visibility.

Steady economy

The FBM KLCI extended its upward momentum on Thursday, rising 0.66% as buying interest broadened across the market. Lower liners followed suit, while market breadth remained firmly positive with advancers outnumbering decliners, supported by continued net foreign inflows.

Sectoral performance was largely upbeat, led by Construction, Industrial Products and Finance, reflecting improved risk appetite and expectations of sustained domestic growth. Healthcare was the only laggard, ending marginally lower.

Globally, sentiment improved as Wall Street rallied after President Donald Trump paused a proposed 10% tariff on eight NATO members, easing near-term geopolitical concerns. European equities advanced on optimism surrounding a US-European defence framework, while Asian markets followed higher, buoyed by gains in Japan and South Korea.

Business News