The local stock market remains subdued due to a lack of new catalysts, with domestic corporate earnings taking center stage this week. Globally, key events to watch include the US FOMC meeting, GDP data, and PCE releases.
Investors cautious
Investors are advised to remain cautious and monitor developments closely. Gold-related stocks may gain from rising gold prices, driven by safe-haven demand and reduced expectations of a US rate cut. The Construction sector, led by Gamuda, is expected to outperform due to strong foreign fund interest. – Apex
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