Market outlook remains optimistic
The Malaysian market remained cautious as the FBM KLCI (-0.1%) edged lower, diverging from positive trends in regional markets. With half of the key index components in red and the energy sector (-1.7%) underperforming amid weaker crude oil prices, cautiousness continues to persist. Meanwhile, lower liners saw mixed performance.
In the global scene, U.S. markets closed higher on the back of a robust 3% GDP growth for 2Q24 and lower-than-expected jobless claims. European and Asian markets, especially China and Hong Kong, advanced due to optimism over potential economic stimulus from China.
Market outlook remains optimistic with potential momentum resuming, taking cues from Wall Street’s positive close. However, local stocks may still experience volatility due to a lack of fresh catalysts. Key economic data from the EU and the U.S. will also be watched closely. Sectors like technology may rebound, while oil and gas counters may face continued pressure from lower oil prices due to Saudi Arabia’s decision to increase production.
Malaysia's stock market shows resilience, supported by strong domestic growth amid global uncertainties, analysts advise…
Malaysia is reviewing its petroleum reserves to enhance energy security and address global supply uncertainties…
A new Washington Post-Ipsos poll shows Democrats leading Republicans ahead of the 2026 US midterms,…
A former bank analyst has been sentenced to jail after falsely presenting himself as a…
Budget 2027 will prioritize economic growth, rakyat welfare, and sustainability, addressing current challenges while ensuring…
WellCall Holdings may rise if RM1.19 resistance is breached, otherwise selling pressure could increase.
This website uses cookies.