On Monday, the FBM KLCI closed 0.3% higher, boosted by positive regional market trends and a rally in the US. Gains were led by the Technology (+1.7%) and Healthcare (+1.1%) sectors, while Utilities (-0.6%) lagged. Global markets saw US stocks decline due to rising oil prices amid Middle East tensions and higher treasury yields. In contrast, European markets saw slight gains (+0.1%), and Asian markets, especially Hong Kong, performed well.
Looking ahead, the local market may see profit-taking as investors shift towards Chinese stocks. Attention will be on China’s economic policies and ongoing geopolitical tensions. The Energy and Plantation sectors are expected to perform well due to rising commodity prices, while market sentiment may hinge on upcoming US inflation data and the FOMC minutes.
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