President_Trump_at_the_G20_(48144047611)
The FBM KLCI’s upward momentum is weakening after marginally surpassing the 1,570 resistance level. Volatility may persist due to concerns over potential U.S. tariffs under Trump’s administration, leading to cautious sentiment among foreign investors and continued net selling in emerging markets. Lower liner stocks might consolidate as investors adopt a defensive stance ahead of the Chinese New Year.
Optimism is expected in the oil and gas sector, driven by speculation of reduced Russian exports amid U.S. sanctions. The plantation sector remains unattractive due to declining CPO prices.
The FBM KLCI sustained its recovery with a bullish candle, staying above the lower Bollinger Band. However, indicators are negative, with the MACD below the Signal Line and RSI under 50. Immediate resistance is at 1,600, while support is around 1,530.
Weststar Aviation Services signed a RM2 billion financing deal with AmBank to double its helicopter…
Industry players urge the government to create inclusive automotive incentives supporting the entire supply chain…
Kerjaya Prospek wins RM98.8m Seremban hospital job, boosting order book to RM4.3bn with strong earnings…
Trump’s war update drives Brent crude to USD109; strategic buy positions in oil and commodity…
The U.S. labor market rebounded in March with nonfarm payrolls rising +178K, the strongest gain…
YTL POWER (BUY Maintained, TP:RM3.72) Data centres are gaining traction
This website uses cookies.