Malaysian Market - Telecom sector
The local stock market has faced broad-based selling due to Wall Street’s weakness and tariff concerns. However, bargain-hunting is expected after the recent steep sell-off, supported by positive developments such as the US House passing a bill to avert a government shutdown and Malaysia’s PM meeting the US Ambassador. Any rebound may trigger quick profit-taking.
Sector Focus: Investors are advised to seek opportunities in strong blue-chip stocks within Financials, Telecommunications, and Consumer sectors, which have low foreign trade risks.
Technical Outlook: FBM KLCI remains in a correction phase, with resistance at 1,570 and support at 1,500.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
Cabinet declassifies Tabung Haji RCI report, orders immediate probe, pledges accountability, with debate to follow…
Malaysia's wage growth fails to match productivity gains, necessitating reforms to narrow the gap and…
A unit trust consultant received 18 months jail for investment fraud, emphasizing financial market risks.
Maxim Malaysia releases first safety and driver legalisation report, highlighting transparency, strong client satisfaction, and…
Malaysia needs a future-ready workforce equipped with relevant skills to remain competitive amid Asia's economic…
Investors remain cautious ahead of the Federal Reserve’s policy decision as technology stocks retreat and…
This website uses cookies.