RAF Warns New Radar Tech Makes Low-Flying Tactics Obsolete in Modern Warfare
The FBM KLCI gained 0.28% on Friday, extending its rebound for a second session as bargain-hunting lifted sentiment. Petronas Chemicals surged 22.2% to RM4.29, contributing 10.3 points to the index’s advance.
Despite the rebound, market breadth remained negative, with 675 decliners outpacing 411 advancers. Sectoral gains were led by Industrial Products (+2.37%), Energy (+1.32%), and Plantation (+0.75%), while Technology (-1.19%), Property (-0.69%), and Consumer (-0.61%) dragged.
Globally, Wall Street retreated after weaker US payrolls data raised concerns over economic momentum, while surging oil prices complicated the Federal Reserve’s policy outlook. European equities also closed lower, though Asian markets posted gains led by Hong Kong and Tokyo.
Apex Research highlighted that escalating U.S.–Iran tensions and crude prices above $100 per barrel may heighten volatility. Energy and export-oriented counters could benefit, while banking and REITs remain attractive for resilient earnings and stable dividends.
— businessnews.com.my / Apex Research
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