Bullish market but caution is advised on potential risks with the looming threat of a US recession and geopolitical tensions while "Investors tread cautiously"
The FBM KLCI maintained its consolidation pattern to close lower as many are still pondering the aftereffects of Budget 2025.
Daily volume traded remains low as we enter the earnings season in a cautious mood.
“We believe trading to stay lacklustre thus expect the index to hover within the 1,640-1,650 range today.
“Meanwhile, crude oil prices rebounded with the Brent crude hitting above the USD76/barrel on renewed optimism over Chinese demand,” says Rakuten.
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