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The FBM KLCI is expected to consolidate above the 1,570 level due to a lack of fresh catalysts, with the current pullback seen as a defensive move ahead of the Chinese New Year.
Lower liners are likely to trade within a rangebound pattern, with selective trading opportunities and quick profit-taking amid global market uncertainties. Investors are monitoring key U.S. economic data, including home sales and consumer sentiment.
Gold-related stocks remain attractive as investors favor safe-haven assets during market volatility.
• Energy sector faces challenges, including tariff threats and Saudi Arabia’s pressure to lower oil prices.
The FBM KLCI ended a four-day rally with a bearish candle, falling below the SMA 50 level. Technical indicators are negative, with the MACD below the Signal Line and RSI under 50. Immediate resistance is at 1,600, with support around 1,530.
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
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