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 rose by 0.6%, outperforming regional markets before the Budget 2025 announcement. The REIT sector saw the highest gains (+0.1%), while the Telecommunications & Media sector led losses (-0.6%). Globally, US stock markets were mixed, with semiconductor strength offset by late pullbacks, while European markets were mostly positive. Asian markets fell due to underwhelming Chinese housing policy news, with Japan’s Nikkei (-0.7%), South Korea’s Kospi (-0.04%), China’s SSE (-1.1%), and Hong Kong’s HSI (-1.0%) all declining.
Looking ahead, the market expects gains following the Budget 2025 announcement, with consumer, construction, property, and renewable energy sectors favored. Lower-tier stocks are also seeing interest from bargain hunters and foreign funds. In the US, positive macroeconomic data, like strong retail sales, suggest a lower likelihood of rate cuts, which could benefit the market. Key attention remains on corporate earnings and the US presidential election.
Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…
Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…
Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…
Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…
The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…
YTL POWER (BUY Maintained, TP:RM3.72) Data centres are gaining traction
This website uses cookies.