The FBM KLCI is expected to remain subdued following strong US nonfarm payroll data, which dampens the likelihood of rate cuts. The index aims to defend the 1,600 psychological level as foreign funds may favor US assets or Treasury securities.
However, the market pullback offers investment opportunities due to attractive valuations. Investors are also monitoring Malaysia’s retail sales data.
• Positive outlook on export-oriented sectors (gloves, furniture, logistics) due to a weaker MYR against the USD.
• The technology sector benefits from currency depreciation, enhancing global competitiveness.
• Higher oil prices, driven by US sanctions on Russian energy, may boost the energy sector.
The FBM KLCI showed mild recovery through bargain-hunting, maintaining the 1,600 support level. Indicators are mixed, with MACD above the Signal Line, while RSI is below 50. Resistance is at 1,645, with support at 1,600.
Read more Business News
MARALINER signed six strategic partnerships to strengthen smart mobility, fleet management, EV development and integrated…
SML Group earned SBTi net-zero validation and multiple global awards recognising RFID innovation, sustainability leadership…
Malaysia's Migrant Repatriation Programme 2.0 extended to May 2027; industry groups call for policy clarity…
Bursa Malaysia appoints CFO Azizan Abdul Aziz as Islamic capital market director, reinforcing focus on…
Huawei unveils FusionSolar9.0 in Malaysia, introducing AI‑powered, grid‑stabilising solar technology to boost clean energy transition…
Private markets remain resilient but face mounting pressure from higher rates, weak exits, concentrated AI…
This website uses cookies.