Market pullbacks offer buying opportunities

The FBM KLCI is expected to trade within a tight range as cautious sentiment persists amid US tariff uncertainties.

Buying opportunities

However, market pullbacks offer buying opportunities due to attractive valuations. Foreign funds are likely to continue selling due to the lack of clear recovery catalysts.

Sector Focus: Positive outlook on export-oriented sectors like gloves, furniture, and logistics due to the weaker MYR, along with the plantation sector benefiting from CPO price recovery.

Technical Outlook

A bearish harami candle formed, erasing previous gains. The MACD remains above the Signal Line, but RSI dropped below 50. Resistance is at 1,630, with support at 1,570.

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