The market outlook predicts profit-taking in the local bourse today after a strong rebound, driven by global market turbulence from looming tariffs effective April 2, 2025, and Wall Street’s correction.
Foreign fund sell-offs
Ongoing foreign fund sell-offs may heighten volatility, prompting a defensive stance with a wait-and-see approach advised until trade policies clarify.
Defensive sectors like REITs, Healthcare, Utilities, and Transportation are favored. The FBM KLCI ended a five-day decline, reclaiming 1,500, but technical indicators remain bearish, with resistance at 1,570 and support at 1,500.
Table of Contents
Read More News on Business News Malaysia
Follow us on:
Read More News #latestmalaysia
Read More News on Business News Malaysia
Leave a Reply
You must be logged in to post a comment.