The Bursa Malaysia market outlook indicates a positive trend as the FBM KLCI rose above the 1,500 level, supported by a sustained Leading Index growth of 0.4% year-on-year to 112.5 points, marking 14 months of gains. Improved sentiment and reduced foreign fund selling suggest further recovery, though profit-taking may temper gains ahead of the Hari Raya break.
Investors are monitoring reciprocal tariff developments and UK inflation data. The Technology sector shows recovery with bargain hunting, while the Energy sector benefits from Brent oil prices above US$70/bbl. Technically, the FBM KLCI is bullish but faces resistance at 1,530 and support at 1,485.
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