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
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