Market: Technology Sector may see interest

Trade tensions and geopolitical risks, including US airstrikes in Yemen, are contributing to market volatility. However, bargain-hunting may persist, though further gains could be limited by foreign fund outflows. Investors are advised to take a defensive stance amid uncertainties, with focus shifting to the Federal Reserve and Bank of Japan meetings, as well as Nvidia’s GTC event.

Sector Outlook: Technology

Defensive sectors (REITs, Healthcare, Utilities) remain favorable for stability.

Technology may see interest, tracking Nasdaq’s gains and potential Nvidia catalysts.

Energy stocks could attract attention due to rising Middle East tensions.

FBMKLCI Technical Outlook

The index defended the 1,500 level, forming a bullish candle, though indicators remain weak. Resistance is at 1,570, while support is at 1,500.

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