Strong banking results to boost market’s finance sector

The market remains fragile amid continued foreign fund outflows and heightened volatility driven by corporate earnings and Middle East tensions following ceasefire violations. The FBM KLCI may find support in the Finance sector, buoyed by strong banking results. Globally, focus shifts to China’s Manufacturing PMI, while bargain hunting may revive the Technology sector after recent sell-offs. The Energy sector could also see buying interest, supported by positive US crude oil inventory data and geopolitical developments. – Apex

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