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.
Cabinet declassifies Tabung Haji RCI report, orders immediate probe, pledges accountability, with debate to follow…
Malaysia's wage growth fails to match productivity gains, necessitating reforms to narrow the gap and…
A unit trust consultant received 18 months jail for investment fraud, emphasizing financial market risks.
Maxim Malaysia releases first safety and driver legalisation report, highlighting transparency, strong client satisfaction, and…
Malaysia needs a future-ready workforce equipped with relevant skills to remain competitive amid Asia's economic…
Investors remain cautious ahead of the Federal Reserve’s policy decision as technology stocks retreat and…
This website uses cookies.