Rakuten Trade Revises Margin Financing Rates Downward to Support Active Investors, Broad market sentiment
Trading activity on the local bourse remained subdued ahead of the Hari Raya break, with the market moving in a tight range.
While Bank Negara Malaysia (BNM) maintains a resilient economic outlook in its 2024 Annual Report, it highlights external risks, including potential US tariff measures that could impact Malaysia’s trade surplus. Lower trading activity may persist as investors assess market conditions, while attention shifts to US consumer confidence and housing data.
Sector Outlook: The Technology sector is expected to benefit from strong Nasdaq gains, while the Energy sector may rise due to increasing crude oil prices and US sanctions on Venezuela and Iran.
Technical Analysis: The FBM KLCI erased intraday gains, forming a bearish candle while defending the 1,500 level. Indicators remain weak, with MACD below the Signal Line and RSI under 50. Resistance is at 1,530, with support around 1,485.
Read More News on Business News Malaysia
Read More News on Business News Malaysia
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