Malaysian Market - Telecom sector
The FBM KLCI rose by 0.3%, reflecting positive global market trends. The utilities sector led with a 0.8% gain, while lower liners closed mixed. Technology, Construction, Telecom, and Industrial sectors experienced declines.
Wall Street continued its upward momentum, fueled by optimistic sentiment following a recent rate cut. European and Asian markets also saw gains, supported by China’s central bank easing measures aimed at economic stimulation.
The key index is expected to trade within the 1,635-1,680 range, with foreign selling pressure limiting gains from local buying. Investors are likely to remain cautious, awaiting new catalysts. The gloves sector may see growth due to positive forecasts from the Malaysian Rubber Council, anticipating rubber exports to exceed RM30 billion. The REIT sector may gain popularity amidst potential market volatility, while gold-related stocks could rise following record-high gold prices.
WellCall Holdings may rise if RM1.19 resistance is breached, otherwise selling pressure could increase.
FEYTECH shows potential for a price increase if it breaks RM0.245 resistance, but risks decline…
Kerjaya Prospek Group’s subsidiary secured a RM52.5m subcontract for a 275kV consumer landing station, boosting…
MI Technovation raised its FY26-28F earnings forecast by 15-16%, expecting growth from improved operations and…
US slaps 12.5% tariff on Singapore exports, citing forced labour concerns; Singapore rejects claims, vows…
Sirena Superyachts has launched its flagship 42m vessel in Istanbul ahead of its world debut…
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