Market Sentiment: Weak, driven by renewed US-China trade tensions following Trump’s tariffs. China’s retaliatory tariffs, along with planned countermeasures from Canada and Mexico, have heightened concerns over inflation and global economic slowdown, contributing to market volatility.
Sector Focus: Investors are advised to adopt a defensive stance. Safe-haven assets like gold may see increased interest, while companies benefiting from global supply chain shifts and export-oriented firms could gain from a stronger US dollar.
The FBM KLCI extended losses, drifting further from the SMA50. Indicators remain bearish, with the MACD below the Signal Line and RSI under 50. Key resistance stands at 1,600, while support is seen at 1,550.
WellCall Holdings may rise if RM1.19 resistance is breached, otherwise selling pressure could increase.
FEYTECH shows potential for a price increase if it breaks RM0.245 resistance, but risks decline…
Kerjaya Prospek Group’s subsidiary secured a RM52.5m subcontract for a 275kV consumer landing station, boosting…
MI Technovation raised its FY26-28F earnings forecast by 15-16%, expecting growth from improved operations and…
US slaps 12.5% tariff on Singapore exports, citing forced labour concerns; Singapore rejects claims, vows…
Sirena Superyachts has launched its flagship 42m vessel in Istanbul ahead of its world debut…
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