Key Economic Indicators and tariffs
Market Outlook: The local stock market is expected to trade sideways as investors await the Fed’s rate decision. Lower liners are likely to remain rangebound, with foreign investors continuing to be net sellers, offsetting gains from local institutional buying. UK inflation and key US economic data (e.g., retail sales, industrial production) will also be monitored.
Construction: Potential growth driven by RM200bn spending projected by the Works Ministry across government, GLCs, GLICs, and private sectors.
Technology: May benefit from overnight gains in Nasdaq.
• The FBM KLCI formed a bearish candle near the SMA200 level.
• Indicators are mixed: MACD Line above Signal Line, but RSI below 50.
• Resistance: 1,625. Support: 1,570.
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