ringgit
The FBM KLCI is expected to stay under pressure due to persistent foreign fund outflows and weak market sentiment. Following Wall Street’s decline, negative sentiment may spill over, potentially extending the pullback.
The index is expected to trade between 1,580 and 1,590 today, though bargain hunting could emerge as Malaysian stocks remain attractively valued.
Investors should focus on defensive sectors like REITs and financials, which offer stable dividend yields. The real estate sector is also attractive, supported by new projects and green initiatives.
The FBM KLCI formed a hammer candle, recovering most intraday losses, but the downward bias may persist. The MACD remains above the Signal Line, while RSI has dipped below 50. Key resistance is at 1,630, with support at 1,570.
Historical analysis shows World Cup tournaments have limited influence on FBM KLCI performance, with macroeconomic…
The prolonged US-Iran conflict has turned into a drawn-out war of attrition, far exceeding the…
Malaysia’s palm oil inventories in May topped market expectation of 2.4m mt, as buyers switched…
Healthcare, energy, AI, and defense spending are approaching $25 trillion in 2026, creating a powerful…
Brrandom On its third anniversary, the AI-native marketing technology company launches six transformative AI practices,…
Forest City’s Special Financial Zone (SFZ) could exceed its RM2 billion investment target this year,…
This website uses cookies.