Amid ongoing tariff concerns and trade tensions, market volatility is expected to increase. However, the local stock market is anticipated to rebound today, following Wallелье Street’s overnight gains. The Nvidia GPU Tech Conference (GTC) this week may spark interest in the Technology sector.
Sector Focus
Preference leans toward defensive sectors like REITs, Healthcare (excluding gloves), and Utilities for stability. Gold-related stocks could see interest due to rising gold prices, while the Technology sector may benefit from Nasdaq’s positive performance.
FBMKLCI Technical Outlook
The FBM KLCI recently dropped, ending a three-day rise, but held above the 1,500 support level. Technical indicators are bearish, with the MACD below the Signal Line and RSI under 50. Resistance is at 1,570, with support near 1,500.
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