Trading Sentiment: Weak after breaching 1,580 support, with volatility driven by geopolitical tensions (Russia-Ukraine conflict) and tariff concerns.
Bargain
Lower Liners: May stabilize as investors seek bargains.
Key Economic Data: Market focus shifts to EU inflation, S&P Global Manufacturing PMI, and US Construction Spending.
US Consumer Spending
Decline in January 2025 raises hopes for easing inflation.
Sector Focus:
Defensive Plays: Investors may favor safe-haven assets like gold.
Plantation: Strong quarterly results and rising CPO prices support sector momentum.
Consumer: EPF’s strong 6.3% dividend (highest in 7 years) may provide a boost.
Technical Outlook – FBM KLCI
Bearish Momentum: Gapped down, forming a bearish candle below SMA50.
Indicators: MACD above Signal Line (mixed signal), RSI below 50 (weakness).
• Key Levels:
• Resistance: 1,600
• Support: 1,550
Source: Apex
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