The FBM KLCI showed resilience, supported by optimism from regional geopolitical developments, but caution persists due to potential tariff policy shifts that could increase market volatility.
Investor sentiment
The index is expected to trade between 1,470-1,490 heading into the weekend, with mild bargain hunting likely amid improving sentiment.
Wall Street’s corporate earnings and Malaysia’s Q1 2025 GDP data release today will influence investor sentiment.
Sector Focus
Adopt a defensive strategy, focusing on REITs, Utilities, and Financials for their stable dividends and safe-haven appeal during volatility.
Technical Outlook: The KLCI formed a bullish candle, entering short-term consolidation. MACD is positive, but RSI nears 50, signaling potential extended consolidation. Resistance is at 1,500, with support at 1,440.
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